World shares

World shares sank Monday after a report that U.S. inflation worsened last month sent stocks reeling last week on Wall Street.

Many Asian markets were closed for holidays.

Global shares were mixed Monday, with European stocks mostly lower after a day of gains in Asia.

World shares advanced Friday after US President Joe Biden spoke by phone with China’s Xi Jinping.

Investors remain focused on whether rising inflation will be temporary or whether it will endure.

World shares were mostly higher Thursday although Tokyo's benchmark declined as reports of rising coronavirus cases