GLOBAL MARKETS-Stocks rally as European shares scale new highs, dollar slips

World stocks rallied on Thursday, led by surging European shares and a larger-than-expected rise in U.S. weekly jobless claims that buoyed interest rate cut hopes, while the dollar eased as the market awaits key inflation data next week. Following a sluggish open, the major U.S. indices pulled higher with the Dow industrials rising for a seventh straight session.