A gauge of global stocks climbed for a third straight session on Thursday to hit its highest level in two weeks, as a dip in government bond yields helped ease inflation worries and provided a boost to equities.
Asia stocks soar as receding inflation worries bolster confidence - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
World stocks hit highest in a week as inflation worries ebb - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
Most emerging Asian shares gained on Thursday following positive cues from Wall Street overnight as U.S. consumer price data soothed inflation fears and Treasury yields eased, while regional currencies firmed as the dollar nursed losses.
The South Korean benchmark climbed over 2 per cent after five consecutive sessions of declines, while Taiwan and Singapore added 1.6 per cent and 0.9 per cent respectively. South Korea s central bank warned that consumer inflation could gain traction at a faster-than-expected pace.
Regional currencies strengthened as the greenback fell after inflation data and a decline in Treasury yields led some investors to trim bets on a rapid rise in inflation.
Stocks and bonds rally in Asia, U S dollar drifts azerbaijannews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from azerbaijannews.net Daily Mail and Mail on Sunday newspapers.