Milan/Tokyo — World shares edged higher while US bond yields hovered near a 13-month peak on Monday on bets economic growth would accelerate even though investors became wary of the Federal Reserve and other key central bank meetings in the days ahead.

The $1.9-trillion stimulus bill President Joe Biden signed into law last week and the rollout of Covid-19 vaccinations stoked a bullish mood, but the focus was gradually turning to the outlook for monetary policy...

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