Share markets firmed on Thursday after the U.S. Federal Reserve engineered an orderly start to unwinding its massive stimulus programme, though doubts about the inflation outlook did push up longer-dated bond yields.
S&P500 futures edge higher, hover near record high Long-term U.S. bond yields near 13-month peak Investors bets on earlier economic normalisation Some investors see Fed revising up economic, rates forecasts
TOKYO, March 15 (Reuters) - Global stock prices inched higher while U.S. bond yields hovered near a 13-month peak on Monday as investors bet U.S. economic growth will accelerate after the $1.9 trillion stimulus bill President Joe Biden signed into law last week.
A rollout of COVID-19 vaccinations in the United States and some other countries stoked a bullish mood on risk assets even as investors become wary of key central bank policy meets later in the week, including the U.S. Federal Reserve’s.
LONDON, Jan 25 (Reuters) - Global shares rose to levels just shy of record highs on Monday, as optimism over a $1.9 trillion U.S. stimulus plan outweighed rising COVID-19 cases and delays in vaccine supplies.
European stock markets opened higher, with the pan-European STOXX 600 up 0.3%. The continent’s 50 biggest stocks were also up 0.3%.
Germany’s DAX rose 0.2%, Italy’s FTSE MIB index jumped 0.6% and Britain’s FTSE 100 rose 0.1%. Spain’s IBEX and France’s CAC 40 faltered, down 0.1% each.
A rally in U.S. tech stocks to near record highs on Friday helped fuel gains in their counterparts in Asia and Europe. A European basket of tech stocks gained 1.2%. In Asia, Chinese tech giant Tencent soared 11%.
Global shares rose to levels just shy of record highs on Monday, as optimism over a $1.9 trillion U.S. stimulus plan outweighed rising COVID-19 cases and delays in vaccine supplies.