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GLOBAL MARKETS-Global stocks, oil edge away from highs as stimulus rally ebbs


MSCI World down 0.1%, pressured by bond yields
Oil, gold also lower; dollar gains
Biden signs $1.9 trillion stimulus into law
LONDON, March 12 (Reuters) - Global shares were flat on Friday but within sight of a record high, while oil edged lower as benchmark debt yields climbed, helping to curb the latest stimulus-driven rally.
Gains in Asian stock markets proved tough to match for most European peers, after they hit a one-year high the day before. U.S. stock futures also suggested a lower start for Wall Street later in the day.
The note of caution followed the signing of a $1.9 trillion U.S. stimulus bill into law on Thursday and a further dovish tilt from the European Central Bank that had prompted a retreat in bond yields and eased global concerns about rising inflation. ....

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