* Falling US dollar is boost for risk assets across the globe
* US federal deficit surges in first nine months of fiscal year
* Soft landing odds rise for US economy after release of inflation data for June
* Wholesale inflation barely rose in June vs. year-ago level
* Too early to declare victory on inflation, says SF Fed president
* US jobless claims tick down, holding near multi-decade low:

Global stock market headed for best week since November. “The market has been partying like it’s 1999 this week,” says Jim Reid, a strategist at Deutsche Bank AG. “It’s hard to stand in the way of that narrative at the moment regardless of what eventually happens.”