World stocks head back up with a third day of gains
Central banks taking a dim view of rising bond yields boosted sentiment, and MSCI’s main world index, which spans 50 countries, was up 0.5%
25 February 2021 - 13:16
London — World stocks headed back towards record highs with a third day of gains and the dollar dropped to a three-year low on Thursday, after top US Federal Reserve and European Central Bank (ECB) officials took aim at rising bond market yields.
There was a lot to keep tabs on. A renewed retail frenzy re-ignited the likes of GameStop, bets on $70 a barrel oil and a decade high in copper prices drove a commodity currency rally, and bond yields were still rising...
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