World Equities Climb to Record on Bets US Inflation Is Slowing
- MSCI All Country World Index rallied nearly 6% since April low
- Underlying US CPI likely eased for first time in six months
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Global equities rose to a record high ahead of a US inflation report that may offer clues on the Federal Reserve’s interest rate path.
The MSCI All Country World Index rose 0.1% on Wednesday after closing at an all-time high in the previous session. The gauge has rallied nearly 6% since a low in April as risk sentiment improved after the greenback’s rally faltered and Chinese equities rebounded.