World stocks hit record high as bond yields ease

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Global stock markets and Wall Street futures rise Wednesday as fears of strong US inflation reading offset by Fed assurances

A man wearing a protective mask walks in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, March 22, 2021, in Tokyo.

European stocks looked set to open modestly higher, with Euro Stoxx futures up 0.3% and Britain's FTSE futures 0.1% higher. For bond markets, the question is whether the benchmark yield can break below 1.6% from as low as 1.611% on Wednesday, they wrote.Bond yield retreat boosts tech shares A spate of strong auction results, including of 30-year bonds on Tuesday, has also helped to tame yields.

The S&P 500 gained 0.33% as it also set intra-day and record closing highs, while the Nasdaq Composite added 1.05%. The Dow Jones Industrial Average fell 0.2%.

 

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