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Stock market today: Global shares jump on Wall Street's return to its highest level in over a year

Global shares have advanced, boosted by Wall Street’s return to its highest level in more than a year after a report showed U.S. consumer inflation cooled a bit more than expected last month TOKYO -- Global shares rose Thursday, boosted by Wall Street's return to its highest level in more than a year after a report showed U.S. consumer inflation cooled a bit more than expected last month. France's CAC 40 added 0.2% in morning trading to 7,350.45. Germany's DAX edged up 0.2% to 16,048.19. Britain's FTSE 100 gained 0.1% to 7,425.73. U.S. shares were set to drift higher with Dow futures up nearly 0.2% to 34,608.00. S &P 500 futures up 0.3% to 4,521.25. In Asia, Japan's benchmark Nikkei 225 jumped 1.5% to finish at 32,419.33. Hong Kong’s Hang Seng surged 2.6% to 19,350.62, while the Shanghai Composite gained 1.3% to 3,236.48, even as China reported a slump in trade in June. Chinese exports tumbled 12.4% in June from a year earlier as demand weakened after centr...

Kevin Durant injury update: Suns star to return Wednesday vs. Timberwolves, per report

Kevin Durant will make his return to action next Wednesday when the Phoenix Suns host the Minnesota Timberwolves, according to The Athletic's Shams Charania. Durant suffered a sprained ankle during warmups ahead of a Game against his former team, the Oklahoma City Thunder, and has been out recovering from that injury ever since. He missed almost two months earlier in the season while recovering from an MCL sprain. Durant has played only three games for the Suns since being traded from the Brooklyn Nets in February. If he plays in all seven of Phoenix's final games starting with that Wednesday tilt with the Timberwolves, that will boost his Suns total to 10 games. This creates the potential for a bit of history. No NBA champion has ever been led by a player who gave them more playoff games than regular-season appearances. Even if Phoenix swept through all four rounds of the playoffs, they'd have to p...