London — A positive start in Europe nudged the main world share indexes and bond yields higher on Thursday, after the US Federal Reserve’s second interest rate cut of the year while Japan and others kept their limited remaining powder dry.

The effects of the trade war has seen central banks around the world swing back into support mode in 2019, but the Fed’s central message on Wednesday was that it wasn’t expecting a major capitulation of the economy.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now