Global stocks at 20-month high after US Fed’s rate cut
The central bank cut rates 25 basis points, its third reduction in 2019, to help sustain US growth in the face of slowdowns elsewhere in the world
31 October 2019 - 12:53
London — World stocks edged to their highest in 20 months on Thursday after the US Federal Reserve cut rates even as it signalled it would hold back from further reductions, sending bond yields and the dollar down.
MSCI's world equity index, which tracks shares in 47 countries, rose 0.05% to its highest since early February 2018, with many investors remaining expectant of further easing in spite of the Fed's slightly hawkish tone...
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