LONDON—Global shares eased on Tuesday as investors took profit on the gains from the past two weeks after comments from two Federal Reserve officials injected a note of caution over the U.S. rate outlook, knocking equities, commodities, and other risk assets.
The MSCI All-World index eased 0.1 percent, but remained in sight of Monday’s three-week high, while the dollar—a gauge of investor risk appetite—held steady against a basket of major currencies.
In the past six weeks, even as cases have surged around the country, China has dismantled its zero-COVID policy, which has given markets a bumpy ride as investors have weighed up the economic benefits of reopening against the impact to activity from the wave of infections….