Global stocks surge as inflation cools, lifting markets from 2022 losses
• Wall Street and global stock markets have rallied strongly in 2023 as inflation cools • S&P 500 up over 20% again, recovering most losses from 2022 • Even Japanese stocks hit highs not seen since 1980s bubble • Emerging and developed markets lifted by hopes of lower rates as inflation peaks • China an exception with economic recovery faltering amid property market worries