World stocks hold steady on hopes central bank rate cuts
Global bonds rally after the ECB signals a move towards stimulus, and Asian shares, apart from Japan, enjoy their best day since January
19 June 2019 - 11:32
London — World stocks held near two-week highs on Wednesday as investors bet on a worldwide wave of central bank stimulus, with expectations building that the US and the eurozone may deliver interest rate cuts as early as July.
Markets have been fired up by European Central Bank (ECB) president Mario Draghi’s Tuesday volte-face on policy easing. In one of the biggest policy reversals of his eight-year tenure, Draghi flagged more policy easing if inflation failed to pick up...
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