The US producer price index for October came in at 8 per cent year-on-year, undershooting the 8.3 per cent estimate and further easing inflation concerns. Photograph: Frederic J Brown/Getty Global stocks climbed on Tuesday as investors cheered fresh US producer price data that confirmed a slowdown in inflation, strengthening the case for the Federal Reserve to moderate its pace of interest-rate hikes. Treasuries rallied, with the 10-year yield declining to around 3.80 per cent while the dollar fell and the pound rallied ahead of UK Chancellor Jeremy Hunt’s economic statement on Thursday. Dublin The Iseq index of Irish shares climbed...