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World shares rise to fresh peak; oil gains

Reuters  |  NEW YORK 

By Herbert LashNEW YORK (Reuters) - Upbeat data helped send world shares to a fourth all-time high in less than a month on Thursday as Wall Street edged higher in anticipation of solid earnings, while crude oil gained on evidence of stronger demand in China.Stocks were buoyed in Asia and elsewhere a day after Federal Reserve Chair Janet Yellen signalled a rise in interest rates would be less aggressive than some investors had expected. Sentiment was also boosted after China reported upbeat data on exports and imports for June, the latest sign that global growth is picking up a bit. That ...

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First Published: Fri, July 14 2017. 01:52 IST