World shares hit record as rate cut hopes, tame inflation data buoy sentiment
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LONDON :Global shares hit a record high and the dollar weakened on Wednesday as investors cheered mild inflation data, and expectations of a U.S. rate next month buoyed demand for riskier assets. The MSCI All Country World Index of shares climbed for a second day and reached 951.74, an all-time high. Japan's Nikkei stock index, meanwhile, set a fresh peak for a second straight session. European stocks advanced 0.5 per cent, with German shares adding 0.6 per cent. Defence stocks led the gains,
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