LONDON—European shares chalked up new highs on Friday as shock from unexpectedly strong U.S. inflation data earlier in the week eased, though investors kept a wary eye on rising yields as the dollar hit a 16-month high. The STOXX index of 600 companies was up 0.09 percent, enough to eke out a new record high for a second day running. The CAC 40 French blue chip index in Paris also clocked up a new high. Sentiment was helped by strong earnings from Cartier-owned Richemont and Deutsche Telekom, though Anglo-Swedish drugmaker AstraZeneca fell after a profit miss. The MSCI All Country stock index was up 0.12 percent at 752.94 points, holding steady after Wednesday’s drop in the wake of data showing U.S. inflation at its highest in three decades. The index is barely 6 points below Tuesday’s record high. U.S. bond markets reopen on Friday after closing on Thursday for Veterans …