Demand for riskier assets fuels gain in global markets
Carmakers led the gains, adding as much as 2.6% to reach their highest since June 2018
03 March 2021 - 12:20
London/Tokyo — Global shares gained on Wednesday, with European indices echoing positive moves in Asia, as a retreat in US treasury yields fuelled demand for riskier assets and weakened the dollar.
The Euro Stoxx 600 added 0.7%, with Frankfurt shares climbing 0.9% to a record high and London's FTSE adding 1.3% before the UK’s new budget is introduced, with measures to boost the economy...
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