World stocks upbeat on hopes for China re-opening, inflation peaking


LONDON: World equity markets rallied on Wednesday lifted by hopes that inflation is peaking and a re-opening of China's economy is near, with focus turning to U.S. Federal Reserve chief Jerome Powell who speaks later in the day.

The pan-European STOXX 600 index rallied 0.7% higher after three straight sessions in the red, while U.S. stock futures pointed to a firm open for Wall Street .

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Foreign funds register weekly net outflow of RM799.9mil of Malaysian equities
Oil slips as Middle East crude exports rise, G7 to release stocks
Stocks upbeat, dollar wobbles as Fed hike bets recede
Zetrix AI confirms suspension of RTD services
FBM KLCI makes mild rebound after weak US jobs data
Ringgit opens higher against US$ as weaker US jobs data weighs on greenback
Trading ideas: KLK, Gas, Mah Sing, Samaiden, Berjaya, Zetrix AI, Seal, Inta Bina, Adnex, PMCK, TXCD, DPI, Country Heights, Meridian, LSH, PetChem
Budget 2027: What are we expecting?
Nike’s struggles test investor confidence in CEO’s turnaround effort
Yinson at the centre of an FPSO shift

Others Also Read