World markets edge higher as investors waver over US rates

London — Global shares edged up on Thursday, while the dollar steadied below an 11-week high as investors reassessed the Federal Reserve’s statements on inflation and looked to coming data for direction.

Asian markets also made small gains. The MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.1% higher, recovering from a one-month trough touched earlier this week, while Japan’s Nikkei was unchanged. Overnight, 10-year US Treasury yields hovered around 1.5% in muted trading, while government bond yields in the euro area drifted higher.

The dollar hovered below an 11-week high against its main peers as traders navigated conflicting signals from Fed officials on the timing of a withdrawal of monetary stimulus.

Source: Financial Digest (financialdigest.net)

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