World stocks scale new heights on hopes of US fiscal stimulus package
From rock-solid gold to cryptocurrency bitcoin, currencies are seeing a ‘Santa rally’, apart from the dollar which is at 2.5-year lows
17 December 2020 - 12:08
London/Singapore — World stocks scaled new peaks and oil marched higher on Thursday as investors lapped up risky assets on hopes of a US fiscal stimulus and the Federal Reserve’s pledge to keep pumping cash into markets.
From stocks to safe-haven gold and volatile cryptocurrency bitcoin, financial assets were in festive mood. Bitcoin hit another all-time high after first shattering the $20,000 level on Wednesday...
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