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Global growth boosts global stocks, dollar mired near multi-month lows

Reuters  |  LONDON 

By Vikram SubhedarLONDON (Reuters) - World stocks, on their longest streak of monthly gains in more than a decade, rose on Tuesday amid further signs that the global economy is in fine fettle, while the beaten-down dollar edged up slightly from 14-month lows.Softening U.S. inflation and incessant political turmoil has hit prospects of another Federal Reserve rate hike in coming months and sent the dollar down 10 percent from its January peaks.The dollar's decline, low inflation and robust global growth has stoked appetite for stocks, however, with the MSCI ACWI extending its run after the ...

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First Published: Tue, August 01 2017. 16:28 IST
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