The pan-European STOXX 600 index rose 1.58 per cent and MSCI's gauge of stocks across the globe gained 1.96 per cent, which would be its biggest daily percentage jump since November 2022. — Reuters picNEW YORK, Nov 3 ― Global stock indexes jumped and the US dollar fell yesterday on investor optimism that the Federal Reserve may be done hiking interest rates, while benchmark 10-year Treasury yields fell to three-week lows.
Bond yields extended their move lower from Wednesday, on relief that the US Treasury Department announced smaller-than-expected increases in longer-dated Treasury supply. The pan-European STOXX 600 index rose 1.58 per cent and MSCI's gauge of stocks across the globe gained 1.96 per cent, which would be its biggest daily percentage jump since November 2022.In foreign exchange, the US dollar was broadly lower on the perception that US rate had peaked, raising risk appetite.
The dollar index, which measures the greenback against six other major currencies, was last 0.3 per cent lower at 106.18.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Toyota ups North Carolina EV plant investment by $8 billionNEW YORK: New York: Toyota will significantly expand an electric battery plant in North Carolina, ramping up a bet on zero-emission vehicles in the United States, the automaker announced Tuesday.
Read more »
Wall Street indices rally on bets of peak US interest rates, strong earningsNEW YORK: Wall Street’s three main stock indices rallied nearly 2% on Thursday (Nov 2) on hopes that the US Federal Reserve (Fed) has reached the end ...
Read more »