Shares globally jumped and most currencies rose against the dollar on Wednesday, as investors discerned a dovish tone in comments from Fed Chair Jerome Powell, though a policy tweak by the ECB meant European bonds sat out the rally.
MSCI’s world share index (.MIWD00000PUS) rose 0.37%, heading back towards the nine-month high it hit in early February, and Europe’s STOXX 600 index (.STOXX) gained 0.85% to a fresh nine month peak.
Major benchmarks in France, (.FCHI) Britain (.FTSE) and Germany (.GDAXI) were all well into positive territory, after shares gained on Wall Street overnight and in Asia earlier in the day.
MSCI’s broadest index of Asia Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.76% though Japan’s Nikkei (.N225) failed to join in the rally after disappointing results from big tech names including Nintendo. (7974.T).
This report’s information was first seen on REUTERS; to read more, click this link.
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