A gauge of global stock markets climbed for a third straight session on Thursday to hit its highest level in two weeks, as a dip in government bond yields helped curb inflation concerns and give a boost to equities.
Global Stocks Hit Records As ECB Fires Bazooka, US Stimulus Enacted
03/11/21 AT 5:55 PM
US and European stock markets pushed higher on Thursday after the European Central Bank accelerated its stimulus bond buying and US President Joe Biden signed off on a massive pandemic aid package that also is expected to boost the global economy.
Biden signed the eagerly anticipated economic relief package, which includes direct payments for households, an extension of unemployment benefits and an array of other programs for small businesses and low-income families.
US shares were already on the rise following the ECB announcement, and the Dow Jones Industrial Average and S&P 500 closed at records, as did the Frankfurt DAX, while Paris s CAC 40 also set a new one-year high.
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HANOI, March 12 (Reuters) - London copper dipped on Friday as a rally that pushed prices to near a 10-year high ran out of steam amid signs of higher supply and weakening demand growth this year.
Three-month copper on the London Metal Exchange fell 0.2% to $9,041.50 a tonne by 0700 GMT. The contract has surged 46% since the beginning of 2020, hitting a 9-1/2-year high of $9,617 a tonne in February.
“We see China’s metals demand stabilising over 2021 following the robust and above-expectations growth recorded in 2020,” said Fitch Solutions in a note while retaining a bearish view on copper in the next six to nine months.