LONDON—Global shares rose on Thursday, while the dollar held near two-month lows after U.S. inflation data suggested the Federal Reserve may soon be finished raising interest rates, which in turn kept gold above $2,000 an ounce.
The euro hit a 2–1/2 month high at $1.103. Investors are positive on Europe, where blue-chip stocks hit a two-decade peak on Wednesday, and reckon Europe’s central bankers will need to be more hawkish longer than their U.S. counterparts to rein in rising prices.
The broader STOXX 600 index rose 0.3 percent, buoyed by shares in LVMH hitting a record high after the luxury retailer reported booming sales in China in the first quarter of 2023. London’s FTSE 100 lagged the rest of the region after data showed the British economy stagnated in February….