The three main stock market gauges are up 43percentt or more since the market revival began last March, and neither the Dow Jones industrial average nor the Standard & Poor's 500-stock index have suffered a significant sell-off since April.
The benchmark gauge is up 9 percent this year.
This price gauge is up 1.4 percent excluding food and energy over the past year, indicating that the weak economy has essentially banished inflation as a threat at the moment.
Germany's benchmark DAX index has climbed 4.63percentt in local-currency terms, France's CAC has risen 6.08percentt, and a key Italian gauge is up 6.42percentt.
With an economy expected to expand by about 6.5% this year, in the year to date the Bombay exchange's Sensex index has gained 31% and the regional MSCIEmerging Markets Asia gauge is up 20%.
Although the overall gauge is up 4.7% year over year, analysts say the performance is disappointing.
All the major stock gauges in the United States were up, and the euro rose against the dollar to 1.3132 in late trading.
The Commerce Department's latest manufacturing gauge showed big-ticket item orders were up 3.4% in February, far better than the negatively revised 7.3% decline seen in January.
The Labor Department said in its monthly report that the Consumer Price Index, the most widely used gauge of inflation, was up 0.2 percent in May, compared with 0.4 percent in April, and up 3.6 percent from a year ago before seasonal adjustment.
