Germany’s DAX jumped 1.1% to 13,679.24 and the CAC 40 in Paris surged 2.1%. Britain’s FTSE 100 advanced 1.3% to 7,334.70. China’s government reported lower-than-expected price increases for the month of April. The moderation of price increases gives authorities more room for stimulus spending to counter the impact of shutdowns in many major cities to fight coronavirus outbreaks. The Labor Department will report consumer inflation for April later Wednesday. Price trends help to shape Federal Reserve policy on interest rate hikes, which in turn can slow economic growth by making borrowing more costly. Prices on raw materials, shipping and labor have been cutting into corporate financial results and forecasts . . .
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