London/Tokyo — World stock prices teetered near record highs on Wednesday, while US bond yields touched their lowest levels in a month, as investors bet the Federal Reserve is some way off from tapering its economic stimulus.

Focus is locked on Thursday’s release of US consumer price data and a European Central Bank (ECB) meeting for further clues about how soon policymakers may begin to withdraw support for Europe’s economy rolled out after the Covid-19 crisis...

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