Global stocks hit six-month high
Signs of progress in US-China trade talks and decent factory activity data from China and the US has lifted investor sentiment
London — World stocks rallied to six-month highs on Wednesday as investors cheered signs of progress in US-China trade talks and reassuring economic data, helping push Germany's 10-year bond yield back up to 0%. Oil neared the key $70 per barrel mark — a multi-month high — on supply concerns. Sterling extended its gains after British Prime Minister Theresa May said late on Tuesday she would seek another Brexit delay to agree an EU divorce deal with the opposition Labour Party leader, raising hopes of a “softer” Brexit. Signs of progress in US-China trade talks and decent factory activity data from China and the US in recent days has lifted investor sentiment and taken the edge off world recession fears. Europe's stock markets rose almost 0.8% to their highest since August, tracking strong overnight gains in Asia where MSCI's broadest index of Asia-Pacific shares outside Japan climbed to a seven-month peak. Hopes for a deal to end the trade war between the world's two largest economi...
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