London — World stocks rose on Thursday after a run of losses, and European shares opened higher, although US and German bond yields near multi-year highs checked the gains and kept stocks from regaining recent record highs. Wall Street is set for a firmer session, equity futures indicate, before tech giants Apple, Alphabet and Amazon announce their results. MSCI’s all-country equity index rose about 0.2% after Tokyo bounced 1.7% off four-week lows. European bourses opened about 0.3% firmer. MSCI’s emerging Asian index closed 0.3% lower, however. January’s last trading session on Wall Street ended in the red, but US indices still ended with monthly gains of more than 5%. World stocks enjoyed a record 15-month winning streak. This week’s meeting of the US Federal Reserve was more hawkish than expected, but confirmed what markets had already expected — an interest rate rise in March, said Markus Huber, a trader at brokerage City of London Markets, predicting that, "In light of today’s ...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.