London/Shanghai — Shares gained on Friday and bond yields fell from the US to Europe as investors shrugged off rising US consumer prices, even as fears of longer-term inflation lingered.

The Euro Stoxx 600 added 0.3% to hit a record high and was on course for a sixth straight day of gains. London shares gained 0.6%, helped by a 1% gain for the mining sector, while Paris climbed 0.4%...

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