World stocks eye best month since late 2020

 

LONDON/SINGAPORE – Global stocks rose on Friday, on course for their best month since late 2020 as traders bet a weakening U.S. economy could slow the pace of monetary tightening in the world’s largest economy, while the dollar struggled broadly against its rivals.

As inflation surges across major markets and central bankers fight to raise rates without killing off growth, riskier markets like stocks have tended to react positively to any softening in sentiment on the part of policymakers.

After Thursday data showing a second-quarter contraction for the U.S. economy helped U.S. markets rise strongly, European shares shrugged off weakness in Asian markets overnight to …

Keep on reading: World stocks eye best month since late 2020


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