New York — The US dollar fell and was on course for its worst week in more than a month, while treasury yields fell after underlying US inflation data, released on Friday, offset higher petrol prices and strong retail sales in the wake of disruptions caused by hurricanes. Stocks on major world stocks, however, hit their fourth record in a row, with Wall Street moving higher as some investors bet that the inflation data could curb future Federal Reserve’s rate rises. European shares also rose to their highest level in nearly four months, helped by some well-received corporate earnings updates. US consumer prices recorded their biggest increase in eight months in September as petrol prices soared in the wake of hurricane-related production disruptions at oil refineries in the Gulf Coast area, but underlying inflation remained muted. US retail sales recorded their biggest increase in two and a half years in September, likely due to reconstruction and clean-up efforts in areas devastate...
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