GLOBAL MARKETS - World Shares Underpinned, Dollar Undermined by Dovish Fed Wagers

GLOBAL MARKET - LONDON/SYDNEY. World stocks edged up and the dollar slid on Monday after global equities enjoyed their best week in nine months on expectations the U.S. economy would dodge a recession and cooling inflation would kick off a cycle of interest rate cuts.

The prospect of lower borrowing costs saw gold hover near historic highs and the dollar dip against the euro, while the yen made a sudden lunge higher that weighed on the Nikkei.