World stocks at two-year high, U.S. inflation data in focus

MSCI world equity index was flat on the day , having touched its highest since January 2022 .

European STOXX 600 was up 0.3% , having held relatively steady in February but gained 1.4% in January .

UBS multi-asset strategist Kiran Ganesh said markets were pricing fewer than five rate cuts in the U.S. this year , down from six or seven .