02/07/2024

Stocks Hit Two-year Highs

Meanwhile, the dollar eases

Global shares traded at their highest in over two years on Wednesday, supported by relatively robust earnings and a retreat in the dollar, although trouble among U.S. regional banks and scepticism over China's efforts to support its markets made for cautious trading.

Bonds came under modest pressure, following comments from Federal Reserve officials that did little to shift expectations for the outlook for monetary policy.

The MSCI All-World index  rose 0.1 percent to reach its highest since mid-January 2022, led in part by a rally in Chinese blue-chips, which have gained almost 5 percent in the last two trading days.

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