NEW YORK Aug 13 — Global equity markets rose while US Treasury yields fell yesterday as investors tempered their expectations of the scale of the Federal Reserve’s interest rate raising cycle as falling oil prices helped to cool inflation.
The MSCI world equity index, which tracks shares in 50 countries, was up 1.1 per cent. The pan-European STOXX 600 index gained 0.16 per cent. All three main Wall Street indexes ended higher, making it the fourth straight week of gains, driven by stocks in technology, healthcare, communication services, consumer discretionary and financials.
Brent crude futures fell 1.5 per cent to settle at US$98.15 a barrel, while US West Texas Intermediate crude fell 2.4 per cent to settle at US$92.09 a barrel.
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