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World stocks guarded ahead of U.S. inflation test

World stocks guarded ahead of U.S. inflation test

Published by
Reuters

By Wayne Cole and Danilo Masoni SYDNEY/MILAN (Reuters) – World shares steadied near record peaks on Monday as risk assets found support from an upbeat U.S. October payrolls report, but they face another test later in the week from a reading on U.S. inflation. The congressional passage of a long-delayed U.S. $1 trillion infrastructure bill also cheered investors, though a broader social safety net plan remains elusive. Data out over the weekend also showed China’s exports beat forecasts in October to deliver a record trade surplus, although a miss on imports added to evidence of a slowing in do…

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