LONDON: Shares gained on Wednesday as investors bet that improving economic data and more policy stimulus from Washington would sustain momentum for equities.
On Tuesday, data showed that U.S. manufacturing activity sped to a nearly two-year high in August on a surge in new orders, its highest level since November 2018. The MSCI world equity index, which tracks shares in 49 countries, rose 0.2per cent. Wall Street futures gauges pointed to gains of 0.5per cent
Yet congressional negotiations on further federal intervention remain at a standstill after the Democratic-led U.S. House of Representatives passed its US$3.4 trillion measure in May.
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