ECB makes good progress on new strategy, Lagarde says

European Central Bank policymakers meeting this weekend made “good progress” in reshaping the ECB’sstrategic goals, including the role it plays in fighting climate change and a revised approach to inflation, President Christine Lagarde said on Sunday.

Stocks rally, yields drop as U.S. CPI data calms investors

Global stock markets rallied to new highs and bond yields slid on Thursday after a jump in U.S. inflation was viewed as insufficient to alter the Federal Reserve’s easy monetary policy stance that rising consumer prices will be transitory.