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Global stocks held close to record highs while U.S. Treasury yields and the dollar firmed on Thursday as the debate continued over when the Federal Reserve will start to ease stimulus.
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Asian shares retreated on Thursday as worries about Chinese regulatory changes and the spread of the Delta variant of the coronavirus weighed on sentiment despite tame U.S. inflation easing fears the Federal Reserve would rush to reduce support.
European stocks were attempting to equal their longest winning streak since 2017 on Thursday, while the dollar and bond yields took a breather after U.S. inflation data cooled talk of a rapid reeling-in of Federal Reserve stimulus.
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Global stock markets hit record highs on Thursday while the dollar and U.S. Treasury yields edged higher, building on recent strength, as the debate continued over when the Federal Reserve will start to ease stimulus.