LONDON/SYDNEY—Global shares steadied, while the dollar rose on Monday, ahead of U.S. inflation data that could define the outlook for global interest rates, while news that the U.S. air force had shot down another airborne object created some geopolitical uncertainty.
Officials declined to say whether this object, which was spotted along the Canadian border and is the fourth to be shot down this month, resembled the large white Chinese balloon that was shot down earlier in February.
Equities rallied over the first weeks of 2023, buoyed by enthusiasm over the prospect of a peak in inflation—and rates—as well as evidence of ongoing U.S. growth that has suggested the economy could be in for a soft landing….