World shares static on expectations of dovish US Fed stance
European shares were weaker for a fourth day with the dollar supported as US treasury yields edged up from lows
London — Shares were treading water on Wednesday while rising US treasury yields kept the dollar steady, as investors waited to hear whether the world’s most powerful central banker would confirm or confound expectations for a US rate cut this month.
MSCI’s broadest index of world stocks was little changed after three days of losses. Europe’s subdued start reflected pre-event caution rather than how the day would pan out.