The dollar nursed losses near a one-month low on Wednesday as strong demand at a U.S. bond auction fuelled a widespread drop in Treasury yields, reducing the interest rate advantage the greenback held over other major currencies. While rate differentials between U.S. and German benchmark 10-year yields have narrowed slightly to 193 bps from more .
Publishing date: Apr 14, 2021 • 3 hours ago • 3 minute read •
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NEW YORK/LONDON Key global stock indexes scaled new peaks on Wednesday after upbeat U.S. and European earnings pointed to a strong recovery from the coronavirus pandemic, while the dollar dipped to three-week lows as Treasury yields held below recent highs.
U.S. import prices increased more than expected in March, lifted by higher costs for petroleum products and tight supply chains, in the latest data to show inflation is heating up as economies reopen.
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World stocks post record highs as bond yields ease
Global stock markets pushed to record highs on Wednesday as bond yields eased, after data showed U.S. inflation was not rising too fast as the economy re-opens.
With fears receding for now that a strong inflation reading might endanger the Federal Reserve’s accommodative stance, European shares opened 0.1% higher.
Gains were capped after Johnson & Johnson said it would delay rolling out its COVID-19 vaccine to Europe, after U.S. health agencies recommended pausing its use in the country after six women developed rare blood clots.
Led by Hong Kong’s Hang Seng, most Asia-Pacific share indexes also climbed.
World stocks post record highs as bond yields ease
By Tom Arnold and Kevin Buckland
Reuters
LONDON/TOKYO (Reuters) - Global stock markets pushed to record highs on Wednesday as bond yields eased, after data showed U.S. inflation was not rising too fast as the economy re-opens.
With fears receding for now that a strong inflation reading might endanger the Federal Reserve s accommodative stance, European shares opened 0.1% higher.
Gains were capped after Johnson & Johnson said it would delay rolling out its COVID-19 vaccine to Europe, after U.S. health agencies recommended pausing its use in the country after six women developed rare blood clots.
World stocks post record highs as bond yields ease By Tom Arnold and Kevin Buckland
A man walks past a stock quotation board at a brokerage in Tokyo
LONDON/TOKYO (Reuters) – Global stock markets pushed to record highs on Wednesday as bond yields eased, after data showed U.S. inflation was not rising too fast as the economy re-opens.
With fears receding for now that a strong inflation reading might endanger the Federal Reserve’s accommodative stance, European shares opened 0.1% higher.
Gains were capped after Johnson & Johnson said it would delay rolling out its COVID-19 vaccine to Europe, after U.S. health agencies recommended pausing its use in the country after six women developed rare blood clots.