Global markets edge higher as US tech stocks rise again
Some investors see a real risk of an overheated US economy and higher inflation on the back of the planned government spending boom
10 March 2021 - 13:19
London — World share markets edged higher on Wednesday after a stunning reboot in US tech stocks, while the dollar and benchmark government yields both ticked up ahead of a key US treasury auction and inflation reading later in the day.
But gains were subdued after Tuesday’s 20% surge in electric vehicle doyen Tesla, a 4% jump in the Nasdaq, and the biggest one-day gain for global heavyweights Amazon and Microsoft in well over a month...
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