World stocks rise; dollar dips on U.S. labour data, yuan surge

A specialist trader works at his post on the floor of the New York Stock Exchange in New York CityBy Saqib Iqbal Ahmed NEW YORK (Reuters) – Global equity prices shrugged off weakness on Wall Street to cling to gains after hitting their highest level since mid-2015 on Thursday, bolstered by strong Chinese data that added to optimism about global growth and inflation. The dollar slipped against a basket of major currencies after U.S. inflation and unemployment data failed to reverse a downtrend that followed some of the biggest gains on record for China's yuan. U.S. Treasury debt yields slipped as investors grew risk-averse amid uncertainty about the incoming Trump administration.

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