World stocks rise as Fed calms inflation jitters

  • Date: 14-May-2021
  • Source: The National
  • Sector:Financial Markets
  • Country:UAE
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World stocks rise as Fed calms inflation jitters

Global stocks rose and the dollar dipped on Friday after US Federal Reserve officials said there would be no imminent move to tighten monetary policy in the world’s biggest economy.

The bounce, extending a late recovery in the prior session, interrupted a three-day rout for stocks globally, amid market jitters over accelerating US inflation.

The MSCI World Index, a broad gauge of equity markets globally, was up 0.4 per cent in early European trading, adding to Thursday’s 0.4 per cent gains after a loss of more than 4 per cent since the start of the week.