GLOBAL MARKETS-Shares, dollar slip as China inflation cools
* European stocks fight back but MSCI world down for 2nd day
* Wall Street expected to start a touch higher
* Dollar index wallows close to 3 1/2-week lows
* Crude oil, commodities come back under pressure
* Brazilian markets hammered but political woes
By Marc Jones
LONDON, Oct 14 (Reuters) - World shares fell for a second day running and the dollar dropped to its lowest in almost a month on Wednesday following new signs of a slowdown in China's economy.
Limp inflation figures from China, volatility in other major emerging markets and more falls in commodities all combined to dampen buying, although there were signs the mood was gradually lifting ahead of Wall Street's restart.
It was expected to open a shade higher and MSCI's 45-country, All World stock index had recovered to be down a modest 0.2 percent as the pan European FTSEurofirst 300 clawed back most of its morning losses. Continuación...