World stocks post highest levels amid easing bond yields
Global stock markets reached their highest levels on Wednesday as released data weakened U.S. inflation concerns resulting in easing bond yields.
Majority of Asia-Pacific indexes tallied new record highs, with Hong Kong’s Hang Seng index as the leading gainer in the region with a 1.4 increase. MSCI’s broadest index of Asia-Pacific shares outside Japan improved 0.8%. China’s blue-chip index added 0.5%. However, Japan was on the losing side as it posted a 0.3% decline.
On the other side of the world, European stocks were poised to open slightly higher, with Euro Stoxx futures gaining 0.3% and Britain’s FTSE futures with a 0.1% rise.
In the U.S., S&P 500 rose 0.33% and the highs, while the Nasdaq Composite added 1.05%.
The benchmark U.S. Treasury yields suffered another loss as they posted their new three-week low.
Meanwhile, the world’s largest cryptocurrency, Bitcoin, recorded its new record high as it breached the $64,500 level.