World stocks are up on optimism over US-China trade talks
The Euro Stoxx 600 and MSCI both gain ahead of a US Fed chair speech in which markets expect clues on looser policy
26 August 2020 - 11:15
London — Traders sold government bonds and bought stocks on Wednesday, placing riskier bets on optimism about US-China trade and expectations of ample central bank stimulus before a key speech by the US Federal Reserve chair at Jackson Hole.
In early London trading, the yield on US 10-year debt rose as high as 0.7190%, close to a two-month peak, as bond traders begin to price in a return to inflation and growth for major economies...
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