GLOBAL MARKETS - Wall Street Notches Record Closing Highs on Cooler Inflation Data

GLOBAL MARKET - NEW YORK, June 13 (Reuters) - The Nasdaq and the S&P 500 recorded their fourth consecutive record closing highs on Thursday and U.S. Treasury yields touched their lowest levels since early April as investors reconciled cooler-than-expected inflation data with tempered rate-cut expectations from the Federal Reserve.

The dollar gained ground against a basket of world currencies as the Fed's hawkishness and possibility of a Europe-China tariff war sent European stocks sharply lower.