LONDON/SINGAPORE—Global stocks edged up on Wednesday as signs of slowing U.S. wage growth supported expectations that the Federal Reserve could signal an end to interest-rate hikes at its meeting later in the day.
Wall Street indexes had rallied, as had bonds to a lesser extent, while the dollar gave up gains overnight when the Fed’s preferred wages gauge, the U.S. employment cost index, showed a 1 percent rise last quarter, its smallest increase in a year.
The MSCI All-World index was last up 0.2 percent on the day, having ended January with a 7 percent gain, thanks in large part to investors growing more optimistic about the outlook for global inflation and interest rates….