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World stocks inch higher ahead of U.S. inflation data

Reuters  |  LONDON 

By Ritvik CarvalhoLONDON (Reuters) - World shares inched higher on Tuesday, eking out limited gains as investors kept a wary eye on a U.S. inflation reading later in the day that could offer clues on the pace of Federal Reserve interest rate hikes this year.The MSCI All-Country World index of stocks, which tracks shares in 47 countries was up less than 0.1 percent by 1149 GMT.The index has recovered about half its losses during a shakeout in stocks in February. The selloff came on the back of strong U.S. wage numbers, which investors feared might feed into inflation and push the U.S. central ...

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First Published: Tue, March 13 2018. 17:49 IST
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