World shares ride earnings to fresh high, dollar steady

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Reuters

By Simon Jessop LONDON (Reuters) – Global shares rode earnings to a record high on Wednesday, while the dollar and Treasury yields languished in the wait for U.S. employment data to provide clues to the pace of monetary tightening in the world’s biggest economy. Strong corporate profits have eased concerns over the COVID-19 pandemic, as vaccine roll-outs continue apace in developed markets, despite a resurgence of cases in Asian countries including China. While that has helped buoy equities, inflationary pressures and a growing belief the U.S. Federal Reserve may soon signal its intention to t…

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