By Amanda Cooper and Wayne Cole
LONDON/SYDNEY (Reuters) -Global shares hit their highest in over a year on Wednesday, supported by relatively robust earnings and a retreat in the dollar, although trouble among U.S. regional banks and scepticism over China’s efforts to support its markets made for cautious trading.
Bonds gained some respite after an aggressive sell-off that spilled into the early part of this week, following comments from Federal Reserve officials that did little to shift expectations for the outlook for monetary policy.
Early on Wednesday, the MSCI All-World index rose 0.1% to reach its highest since mid-January 2023, led in part by a rally in Chinese blue-chips, which have gained almost 5% in the last two trading days alone.
In recent days, China’s regulators have announced further curbs on short selling and state investors said they were expanding their stock buying plans.
Bloomberg News also reported President Xi…
