MILAN—World shares extended gains on Wednesday and the dollar nursed its losses as expectations of an end to a global rate hike cycle spurred on investors following benign inflation readings in the United States and across Europe.
The MSCI world equity index, which tracks shares in 49 countries, rose 0.5 percent to its highest since mid-September, following a positive session in Europe and a rally across Asia, aided by a report of stimulus in China.
