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World stocks near record high as investors await dovish Fed Reserve act


By Hideyuki Sano
TOKYO (Reuters) - Global shares held firm near record highs on Monday while U.S. bond yields flirted with three-month lows as investors expect the Federal Reserve to stick to its dovish mantra later this week.
Japan s Nikkei rose 0.35% while MSCI s broadest index of Asia-Pacific shares outside Japan was down 0.1%. Activity was limited with the region s largest markets - China, Hong Kong and Australia - closed for a holiday.
Globally, equity markets were basking in the prospects of a broadening economic recovery from the coronavirus pandemic and anticipation of continuity in dovish monetary policy from the U.S. Federal Reserve. ....

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