Global stocks rebounded on Thursday, supported by better-than-expected U.S. inflation data and Microsoft's earnings report, which eased some concerns about AI spending. The Personal Consumption Expenditures Price index fell 0.1% in June, matching economists' expectations, with the annual rate at 3.7%. Meanwhile, the 30-year U.S. Treasury bond yield rose to 5.2124%, nearing its highest level since 2007, reflecting doubts about the Federal Reserve's commitment to taming inflation after it kept interest rates on hold.