World stocks rise on hopes of central bank stimulus
Markets are putting their hopes in central banks to offset slowing global growth and the US yield curve inversion — a likely precursor to recession
16 August 2019 - 11:51
London — World stocks rose on Friday as expectations grew of further stimulus by central banks, offsetting worries about slowing economic growth, which intensified this week as the US yield curve inverted for the first time since 2007.
European shares opened higher, with the pan-European Stoxx 600 Index 0.7% higher and the trade-sensitive DAX outperforming. The London Stock Exchange said it was investigating a technical glitch that delayed the opening of the UK’s benchmark FTSE 100 and FTSE mid-cap..
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