World shares hit three-week high, U.S. futures resilient as recession fears wane

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Reuters UK

By Carolyn Cohn LONDON (Reuters) – World shares hit a three-week high on Wednesday and U.S. index futures were indicating a steady open on Wall Street as strong U.S. corporate earnings and the expected resumption of Russian gas supply to Europe tempered recession fears. The dollar was trading near two-week lows on lower U.S. rate hike expectations. Russian gas flows via the Nord Stream 1 pipeline are seen restarting on time on Thursday after the completion of scheduled maintenance but at lower than its full capacity, two sources told Reuters, reducing investors’ concerns about gas supply to Eu…

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