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World stocks rise for fifth straight day as the Fed supports


  • Markets
  • Friday, 11 Jan 2019

MSCI's all-country index <.MIWD00000PUS>, which came under some pressure after U.S. stocks briefly retreated following Powell's comments on the Fed balance sheet, recovered to trade up 0.35 percent on the day. Thursday marked the index's fifth straight session of gains.

MSCI's all-country index <.MIWD00000PUS>, which came under some pressure after U.S. stocks briefly retreated following Powell's comments on the Fed balance sheet, recovered to trade up 0.35 percent on the day. Thursday marked the index's fifth straight session of gains.

NEW YORK: An index of world stock markets rose on Thursday as worries over the lack of clear signs of a resolution to the U.S.-China trade spat were offset by an assurance by Federal Reserve Chairman Jerome Powell that the U.S. central bank has the ability to be patient on monetary policy.

The dollar rebounded after hitting a three-month low, while U.S. Treasury debt prices erased early gains after a soft 30-year bond auction and as Powell said the U.S. central bank will "substantially" reduce the size of its balance sheet.

Markets , Corporate News

   

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