Global stocks inch higher on U.S. data, with Fed in focus By Reuters

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Global stocks inch higher on U.S. data, with Fed in focus By Reuters
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*GLOBAL STOCKS INCH LOWER AS CAUTION SETS IN AHEAD OF KEY FED RATE DECISION -

SINGAPORE/LONDON -Global stocks eked out small gains on Wednesday and the dollar slipped after data showed U.S. consumer prices barely rose in November, stoking hopes that central banks will stop raising interest rates in early 2023.

The MSCI All World stock index edged 0.1% higher as Asian equities rose but European markets slipped. It jumped more than 1% the previous day. Yet investors had shrugged off Tuesday's inflation data and were in a"wait and see mood" on Wednesday ahead of the Fed decision, said Susannah Streeter, senior markets analyst at Hargreaves Lansdown.

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