Global stocks hit record high as US tech shares rise
MSCI’s broadest gauge of world stocks set a record high in Asian trading and Britain’s FTSE 100 hit its highest in more than a year
09 April 2021 - 11:17
London — Global stocks hit record highs on Friday, as tech shares on Wall Street cheered receding US inflation fears, with the lack of inflation pressure keeping bond yields near two-week lows.
US Federal Reserve chair Jerome Powell reiterated late on Thursday that inflation was not a worry, after data showed an unexpected rise in the number of Americans filing new claims for unemployment benefits...
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