Stocks rise, dollar falls as soft US jobs data fuels rate cut bets

By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) - MSCI's global equities gauge hit a record high on Thursday while U.S. Treasury yields fell along with the dollar due to growing expectations for interest rate cuts, as softer labor market data overshadowed a higher-than-expected U.S. inflation reading. The Consumer Price Index increased by 0.4% in August, the most in seven months and following a 0.2% rise in July, driven by a 0.4% jump in housing costs and a 0.5% increase in food prices. The cost ...