May 13, 2024 5:29 PM

Stocks grind towards record highs in inflation-heavy week

Global stocks neared record highs on Monday, in a week where inflation figures could make or break expectations for earlier U.S. rate cuts, while Chinese activity data will test optimism about a sustained recovery in the world's No. 2 economy. While U.S. inflation data will take centre-stage, reports on Chinese retail sales and industrial output could also have a big impact on overall investor sentiment. Chinese authorities are also set to sell 1 trillion yuan ($140 billion) in longer-dated bo...