Shares worldwide halted their January rally on Monday, pausing for breath at the start of an agenda-setting week of Central Bank rate hikes and data releases that will clarify if progress has been made in the battle against inflation. Investors expect the Federal Reserve will raise rates by 25 basis points on Wednesday, followed the day after by half-point hikes from the Bank of England and European Central Bank, and any deviation from that script would be a real shock. Europe’s benchmark STOXX index fell 0.8% on Monday morning, echoing a slight dip in MSCI’s broadest index of Asia-Pacific shares […]

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