SYDNEY, June 12 Reuters Global stocks rose on Wednesday, helped by positive sentiment in the technology sector, while the dollar held firm ahead of a key U.S. inflation report and Federal Reserve policy decision that could determine the nearterm outlook for interest rates.

European markets rose, recovering some of the losses earlier this week stemming from nervousness over the political landscape in France, where President Emmanuel Macron called a snap vote at the weekend after his party was trounced in European Union elections by the far right.

Overnight on Wall Street, Apple surged 7 to a record high a day after it unveiled new AI features meant to rekindle demand for iPhones. That helped the Nasdaq Composite rise 0.9 and the SP 500 gain 0.3 to record closing highs.

Focus is now turning to the U.S. consumer price index CPIlater in the day, which is forecast to rise a slim 0.1 in May from a month earlier, but with the core up 0.3.

The countdown is on, with the market going into full risk management mode, said Chris Weston, head of research at Pepperstone.

I like to use U.S. core CPI mm as my simple playbook guide, so any number that rounds to 0.2 mm could offer relief in risk markets and bring out USD sellers, while a number that rounds to 0.4 could see U.S. twoyear yields rise and with it the USD comes in hot.

The MSCI AllWorld index rose 0.14 on the day. In Europe, the STOXX 600 gained 0.6, rising for the first time in four days.

U.S. stock futures , were up…