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Global stocks were subdued and the dollar was flat on Tuesday as market enthusiasm about Washington and Beijing extending their tariff truce to November was tempered by jitters about U.S. inflation data later in the day.

Asian equities rallied after U.S. President Donald Trump signed an executive order overnight pausing triple-digit levies on Chinese imports for another 90 days.

That propelled Tokyo’s exporter-heavy Nikkei to an all-time peak, while European stocks nudged higher, as Trump’s latest tariff climbdown allayed fears about China flooding non-U.S. markets with cheap goods to keep its factories humming.

But the upcoming U.S. CPI data was more important to the direction of

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