Dollar shuffles higher, shares bask near peaks

Markets were in consolidation mode on Tuesday, with world stocks hovering just off record highs, the dollar lifted by upcoming inflation data and the main volatility gauges all looking reassuringly calm.

There was some pressure on sterling as the UK government considered whether to delay removing most of its remaining coronavirus restrictions by two weeks, but it looked like being temporary at worst.

London’s FTSE (.FTSE) was up 0.2% in line with the pan European STOXX 600 (.STOXX). MSCI’s 50-country world index (.MIWD00000PUS) was flush to its latest record high and Wall Street futures …