A Chinese industry association has highlighted shortcomings in the country's credit rating agencies in a new report, including insufficient disclosure and weak inspection mechanisms that affect the quality of ratings.
LONDON, March 11 (Reuters) - World stocks rose to their highest in just over a week on Thursday after a report on U.S. consumer prices calmed investor nerves about inflation and lifted the Dow Jones Industrial Average to a record close.
European stocks climbed, with the pan-European STOXX 600 index reaching a one-year peak and up 0.2% on the day. France’s CAC 40 index rose 0.14%, and Italy’s FTSEMIB 0.8%%. Britain’s FTSE 100 index fell 0.36% and Germany’s DAX traded flat.
MSCI’s All Country World Index, which tracks stocks across 49 countries, rose to its highest in just over a week, up 0.7% on the day.
The European Central Bank said on Thursday it would accelerate money-printing to keep a lid on euro zone borrowing costs, signalling to sceptical markets that it is determined to lay the foundation for a solid economic recovery.
The European Central Bank signalled faster money-printing on Thursday to keep a lid on euro zone borrowing costs but stopped short of adding firepower to its already aggressive pandemic-fighting package.