World stocks up, dollar dips as Fed officials calm inflation fears

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Reuters

By Simon Jessop and Kevin Buckland LONDON/TOKYO (Reuters) – Global stocks edged higher and the dollar dipped on Friday after U.S. Federal Reserve officials said there would be no imminent move to tighten monetary policy in the world’s biggest economy. The bounce, extending a late recovery in the prior session, interrupted a three-day rout for stocks globally, amid market jitters over accelerating U.S. inflation. The MSCI World Index, a broad gauge of equity markets globally, was up 0.3% in early European trading, adding to Thursday’s 0.4% gains after a loss of more than 4% since the start of t…

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