Wall Street surged with the Dow Jones up 1.5%, its best session since last November, following benign inflation figures, while the S&P 500 rose 0.8% and the NASDAQ ended slightly negative. U.S. inflation data showed modest increases, easing concerns and prompting modest bond yield declines. European markets were buoyed by the positive U.S. inflation news, although European inflation figures presented mixed signals. Aussie shares are expected to start the week positively as Sydney home prices hit record highs. In commodities, OPEC extended production cuts, supporting crude prices, while gold and iron ore prices saw minor declines.

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