World stocks near record high as investors await dovish Fed act – Reuters
- Date: 14-Jun-2021
- Source: Reuters
- Sector:Financial Markets
- Country:Gulf
World stocks near record high as investors await dovish Fed act – 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 (.N225) rose 0.35% while MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) 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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