
Global stocks hit records as inflation stirs rate hike bets

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Global stock indices, including the S&P 500 and MSCI benchmarks, hit record highs driven by strong earnings and geopolitical calm. Rising U.S. and Eurozone inflation has sparked expectations of interest rate hikes from major central banks like the Fed and ECB. Meanwhile, tech and semiconductor stocks surged on AI demand, with Micron reaching a $1 trillion market cap.

