London — A stronger dollar and slightly higher global borrowing costs kept world shares subdued on Friday and left gold limping toward its worst week since December. Europe’s main London, Frankfurt and Paris markets barely budged in early moves, keeping MSCI’s 47-country world index just in the black on the day but facing its third red week of the last four. Wall Street futures were pointing slightly higher, but the there too the S&P 500 and Dow Jones are both down about 1% for the week. Modest gains for the dollar meant the euro was set to post its second biggest weekly loss in nearly four months. Caution over the Italian election also gave bonds there their toughest week of 2018. Polls point to a hung parliament in Italy, where no one party or coalition has an outright majority to form a government, and analysts expect short-term volatility that could weigh on traditionally sensitive eurozone markets. Italy’s 10-year bond yield was up one basis point at 2.09%. It has risen about 1...
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