MSCI AllWorld rises, dollar dips
Mood cautious before Fed minutes, U.S. core inflation
U.S. holiday keeps trading muted

LONDON, Feb 20 Reuters Global shares edged up on Monday as a U.S. holiday made for slow trading ahead of minutes of the latest Federal Reserve meeting and a reading on core inflation that could add to the risk of interest rates heading higher for longer.

The dollar, which is heading for its largest onemonth rise since September in February, was roughly flat on the day, giving some lift to commoditylinked currencies, thanks to a rise in the price of raw materials such as crude oil and copper.

Geopolitical tensions were ever present, with North Korea firing more missiles and talk of Russia ramping up attacks in Ukraine before Friday39;s oneyear anniversary of the invasion.

There were reports the White House planned new sanctions on Russia, while Secretary of State Antony Blinken on Saturday warned Beijing of consequences should it provide material support, including weapons, to Moscow.

But, with U.S. markets shut for the Presidents39; Day holiday, nonU.S. assets got some respite from last week39;s relentless pressure.

The MSCI AllWorld index rose 0.2, boosted by a modestly strong start to the day in Europe, where the STOXX 600 was up 0.2, skirting Friday39;s oneweek lows.

A roaring run higher in both stock and bond prices in the first six weeks of the year has come to a screeching halt, after a flurry of U.S. data suggested the world39;s largest…