World shares, dollar hit pause ahead of US inflation data Published: 6:55 PM, Jun 10, 2021
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LONDON: Global shares hovered near a record high and the dollar also held steady on Thursday, eyeing US inflation data for any sign the Federal Reserve could start tapering its massive stimulus.
Risk assets have remained buoyant in recent weeks as central bankers on both sides of the Atlantic signal their willingness to keep the monetary taps on until the post-pandemic recovery takes hold, believing inflationary pressures to be short-lived.
Yet April s surprisingly strong US inflation print spooked some, leading to a cautious run into the May numbers later on Thursday in case of another upside surprise.
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