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World shares climb after jobs report cools inflation fears

Reuters  |  LONDON 

By Ritvik CarvalhoLONDON (Reuters) - World shares hit their highest in over a week on Friday as a slowdown in wage gains in the United States helped cool fears about faster inflation and interest rate hikes this year.The MSCI All-Country World index, which tracks shares in 47 countries was up 0.7 percent on the day and 2 percent for the week, having also been buoyed by news Donald Trump and North Korea's Kim Jong Un planned to meet by May.Nonfarm payrolls jumped by 313,000 jobs last month, data from the U.S. Labor Department showed, recording their biggest increase in more than 1-1/2 ...

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First Published: Fri, March 09 2018. 21:33 IST