London/Sydney — Global shares rose for a ninth day on Thursday, just off record highs, as investors digested recent gains, while bulls were sustained by the promise of more free money after a benign US inflation report and a dovish Federal Reserve outlook.

European stocks opened higher, with the Stoxx 600 and London’s FTSE 100 up 0.3%. That followed a subdued Asian session as markets in China, Japan, South Korea and Taiwan were closed for holidays...

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