World stocks near record highs

SectorFinancial Markets

LONDON/TOKYO- World stock prices teetered near record highs on Wednesday, while U.S. bond yields touched their lowest levels in a month, as investors bet the Federal Reserve is some way off tapering its economic stimulus. Attention was focused on Thursday’s release of U.S.

consumer price data and a European Central Bank meeting for further clues about how soon policymakers may begin to withdraw support for Europe’s economy rolled out following the COVID-19 crisis. MSCI’s all-country world index last stood at 716.41, after hitting an intraday high of 718.19 on Tuesday. European stocks were 0.1% lower, with Britain’s FTSE down 0.6% as UK-listed miners slipped under pressure from lower base metal prices. In Asia, the MSCI’s broadest index of Asia-Pacific shares outside Japan ticked down 0.4% and Japan’s Nikkei average shed 0.4%. In the United States, Nasdaq NQc1 futures were 0.3% firmer and S&P 500 futures up 0.1%. The 10-year U.S. debt yield, on the other hand, hit a fresh more...