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Stocks rise, dollar retreats ahead of inflation data

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Global shares rose and the dollar eased on Tuesday ahead of U.S. inflation data that could warrant a quicker end to Federal Reserve rate hikes, while the prospect of China propping up economic growth helped lift commodities like oil and copper.

rose 0.6% and U.S. stock index futures , rose 0.2-0.4%, suggesting a modest rise at the opening bell.on Monday who said the level of inflation warranted additional rate hikes but the central bank is nearing the end of its current monetary policy tightening cycle.

" movements, especially between the jobs report and inflation when they're so close together, I take with a relative pinch of salt," OANDA market strategist Craig Erlam said. "While there is increasing evidence of near-term disinflationary trends, questions remain as to whether inflation will persist at uncomfortably high levels in the medium-term," Deutsche Bank strategist Jim Reid said.

Chinese regulators on Monday extended some policies in a rescue package introduced in November to shore up liquidity in the embattled real estate sector.

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