News 13 march — 22:26

World stocks inch higher as investors await U.S. inflation data

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 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, Reuters reports.

The MSCI All-Country World index of stocks, which tracks shares in 47 countries was up less than 0.1 percent. .MIWD00000PUS

The index has recovered about half its losses during a violent 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 bank towards a faster pace of monetary tightening.

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