Shares near record peak, dollar shuffles higher
- 3 years ago
World share indexes stayed near all-time highs on Tuesday and the dollar and government bond yields tip-toed higher, as some of the biggest global economies pushed on with easing COVID-19 restrictions.
Sensitive cyclical sectors including mining, travel and energy helped drive modest early gains in Europe where British markets were also playing catch-up after an extended holiday weekend.
Bond market borrowing costs were also inching up, although signs that the world's major central banks remain in no rush to reel in their massive stimulus schemes kept them below recent 13-month highs.
A surge in the price of almost everything, from wood and wheat to silicon microchips, have fuelled talk of an inflation spike, but New York Fed head John Williams said on Monday that the U.S. economic momentum was "not nearly enough" yet to change anything.
Australia's central bank left its key interest rates at near zero overnight for a fifth straight meeting too and pledged to keep its policies super-supportive for a prolonged period.
Source: Reuters
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