World markets rise on reassurance from US Fed over stimulus
Stoxx index of leading European shares gained 0.3% and MSCI’s broadest index of Asia-Pacific shares was up 1.5% at a two-week high
25 May 2021 - 12:01
London — European shares rose to record highs on Tuesday, soothed by reassurance from US Federal Reserve officials that monetary stimulus won’t be clawed back any time soon.
Sentiment in Europe was also underpinned by the latest Ifo indicator, which showed that the upswing for the German economy, Europe’s largest, is picking up pace after the knock from Covid-19...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.