August 13, 2025 3:13 PM
World shares hit record as rate hopes, inflation data buoy sentiment
Global share markets hit a record and the dollar was subdued on Wednesday, as investors cheered mild inflation data and signs of resilience in major economies, and expectations of a U.S. rate buoyed demand for riskier assets. The MSCI All Country World Index of shares climbed for a second day and reached 950.13, an all-time high. Japan's Nikkei stock index, meanwhile, set a fresh peak for a second-straight session. European stocks advanced 0.5%, with German shares adding 0.6%. Tech and defence...