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Stimulus optimism boosts stocks, eases pressure on bonds

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Asian stocks rose on Monday as hopes of more stimulus from central banks around the world and steps being taken by major economies such as Germany ...

LONDON: World stock markets rose on Monday on signs that major economies would look to prop up stalling growth with fresh stimulus measures, easing pressure on bonds and dampening demand for perceived safe-havens such as gold.

MSCI's world equity index , which follows shares in 47 countries, gained 0.4per cent, powered by a 1per cent gain for the pan-European STOXX 600 index . Bourses in London , Frankfurt and Paris all registered gains of more than 1per cent. The Japanese yen, another safe haven that benefits in times of stress, lost 0.2per cent to last trade at 106.57 to the dollar.

Investors are focused on the annual meeting of central bankers in Jackson Hole, Wyoming, where U.S. Federal Reserve Chairman Jerome Powell will speak at the symposium on Friday.

 

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