EMERGING MARKETS-Emerging stocks near 2-yr highs, China data caps gains

By Sujata Rao LONDON, May 10 (Reuters) - Emerging markets benefited from a dollar retreat, a global share rally and improving domestic company earnings with the benchmark equity index approaching two-year highs on Wednesday, though weak Chinese inflation checked gains. The dollar slipped around 0.2 percent against a basket of currencies while U.S. yields pulled off one-week highs, allowing most emerging assets to firm. Asian currencies were flat for the most part, weighed

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