TOKYO (Reuters) - Asian shares rose on Wednesday, following gains in European and U.S. markets where bargain hunters bought beaten down stocks, but markets remained vulnerable to the euro zone's debt woes as Spanish yields hit record highs on worries over banks.
Asian shares rose on Wednesday, following gains in European and U.S. markets where bargain hunters bought beaten down stocks, but markets remained vulnerable to the euro zone's debt woes as Spanish yields ...
LONDON, June 9 (Reuters) - World shares were within touching distance of an all-time high on Monday, spurred on by the potent combination of record low global interest rates and the improving health of major economies.
July 4th may be a US national holiday, which means the S&P 500 won't hit a record high on good news and a recorder high on bad, but judging by global trading volumes - already abysmal heading into today - one may as well give the entire world a day off. However, for now, global equities have come off the impressive, and curiously schizophrenic US-data inspired gains of yesterday which sent the DJIA over 17,000 yet which has resulted in an almost unchanged 10Y Treasury print since before the NFP release. Once again bonds and stocks agree to disagree.
LONDON — Investors seized on clear signs of policy support from Japanese and European central banks on Tuesday, driving world shares higher and denting appetite for safe-haven German bonds.
Heightened expectations the U.S. Federal Reserve will soon taper its stimulus programme and a rebound in Japanese stocks saw the dollar strengthen by 1.3% against the yen, its biggest one day gain in nearly three weeks.