World stocks advance to one-month high

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Bond yields ease while technology shares and optimism about company earnings offset inflation concerns

An employee passes share price information displayed on an electronic ticker board inside the London Stock Exchange Group’s offices in London, the UK. Picture: BLOOMBERG VIA GETTY IMAGES/LUKE MACGREGOR

The MSCI gauge of world stocks climbed to its highest levels since September 17 while US stock futures gained in early London trading. European stocks advanced 0.3%. Bond markets welcomed the data where yields on 10-year U.S. Treasury notes fell almost 6 basis points from Monday’s high while the US dollar weakened broadly against its rivals to a three-week low.

Analysts said the Wall Street rally overnight, in which Apple, Facebook and Microsoft all rose, was behind a strong performance in stock markets.

 

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