Stocks Shrug Off Inflation Angst, Yen Bows to Dollar

Stocks Shrug Off Inflation Angst, Yen Bows to Dollar
A huge electric stock quotation board inside a building in Tokyo on Dec. 30, 2022. Issei Kato/Reuters
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LONDON—World shares and the dollar inched higher and gold was at a three-month low on Thursday as traders’ attention continued to swing between the battle to lower inflation and speculation about currency market intervention in China and Japan.

Europe’s regional STOXX 600 index barely budged in early trading after what had been its biggest rise in almost a month the previous day, while futures markets were pointing to a fractionally higher start on Wall Street later.