The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 27, 2021.
REUTERS/StaffGlobal equity markets rose while the U.S. dollar retreated against major currencies on Friday as new data affirmed concerns of a surging inflation and further strengthening of economic activity from pent-up demand.
The dollar index of major currencies weakened 0.017% to 89.997 after making gains in early morning trading.
All major indexes were making gains on Wall Street in the early afternoon, led by technology, healthcare, and consumer discretionary stocks.
Gold reversed course and turned positive on Friday, briefly popping above the key $1,900 level, after data showed rising U.S. consumer prices in April and boosted bullion's appeal as an inflation hedge.
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