Stock market today: World shares mostly advance after Wall St comeback from worst loss since 2022

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Shares are mostly higher in Europe and Asia after Wall Street made a patchy comeback from its worst loss since 2022.

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Tokyo's core consumer price index rose 2.2% in July, rising for the third straight month to its highest level in four months, adding to expectations that the Bank of Japan may raise its near-zero benchmark interest rate at a policy meeting next week. The Russell 2000 index of smaller stocks jumped 1.3%. It’s up 8.6% this month, versus a loss of 1.1% for the big stocks in the S&P 500.

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