Shares Drop, Dollar Rises Ahead of Make-or-Break Inflation Data

A man watches stock quotations on an electronic board outside a brokerage, in Tokyo, Japan, on March 20, 2023. Androniki Christodoulou/Reuters

LONDON—Global shares fell on Monday, extending last week’s slide as central banks reinforced the message that interest rates would stay higher for longer, while investors braced for high-stakes U.S. inflation data on Friday.

Last week brought a mixed bag for investors.