Premarket: World stocks rise to two-month high as inflation eases

World shares extended gains on Wednesday and the dollar nursed its losses, as expectations of an end to a global rate hike cycle spurred on investors following benign inflation readings in the United States and Britain. The MSCI world equity index, which tracks shares in 49 countries, rose 0.5% to its highest since mid-September, following a positive start in Europe and a rally across Asia, aided by a report of stimulus in China. The pan-European STOXX 600 index rose 0.8% after data showed British inflation cooled more than forecast in October, hitting sterling and reinforcing bets the Bank of England…