World shares head for biggest weekly fall of 2023
Dollar sets 2mth high; traders await U.S. PCE data
Nikkei rises as BOJ nominee says to maintain ultraloose policy
Geopolitics in focus on first anniversary of Ukraine invasion

LONDON, Feb 24 Reuters World shares limped toward their biggest weekly fall of the year on Friday, though investors took heart from a brief dip in government bond yields as the incoming Bank of Japan chief ruled out an early end to its supereasy monetary policy.

There was focus too on the first anniversary of Russia39;s invasion of Ukraine, which Moscow terms a special military operation, as calls for peace, but also warnings about a wider escalation, came from both Washington and Beijing.

Europe39;s markets couldn39;t maintain what had been a positive start with the pan region Euro Stoxx 600 dipping 0.1, Wall Street futures pointing to a red start there later and MSCI39;s main worldwide index down 0.2 for the day and 1.7 for the week.

Europe39;s moves were partly offset by a pause in this month39;s sharp rise in global borrowing costs a reversal of January39;s trend.

Overnight, Kazuo Ueda, who will take over as governor of the Bank of Japan BOJ in April, had told a confirmation hearing that ultralow interest rates were still needed to support Japan39;s fragile economy, warning of the dangers of responding to costdriven inflation with monetary tightening.

Europe39;s benchmark bond yields dipped back from 2011 highs as Germany, the bloc39;s…