World Shares Edge Up Even as Inflation and Policy Concerns Linger

World Shares Edge Up Even as Inflation and Policy Concerns Linger
A pedestrian walks past a giant display showing a stock-exchange graph in Shanghai, China, on Aug. 3, 2022. Aly Song/Reuters
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World shares edged up on Wednesday taking comfort from strong U.S. retail earnings even though the UK’s highest inflation since 1982 and a rate hike in New Zealand reminded investors of the challenges facing the global economy.

MSCI’s benchmark for global stocks was up 0.1 percent by 0829 GMT, extending its July recovery, although concerns over high inflation and policy tightening kept a lid on gains.