GLOBAL MARKETS-Traders Await US Inflation Test, China Revives Stocks Rally

GLOBAL MARKET - LONDON/SINGAPORE. European shares failed on Thursday to follow overnight gains in the U.S. and China, while the dollar sat near a two-month high before U.S. inflation data.

Europe's broad Stoxx 600 index was down a whisker on the day, and the German 10 year bund yield, the euro zone benchmark nudged up to 2.27%, a five-week high, but the market focus was on gains in China spurred by hopes that a briefing this weekend will deliver anticipated fiscal stimulus.