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Stock markets globally start 2018 on cheerful note; bond yields rise

Asian stocks struck a range of new peaks: a record high for Philippine stocks

Reuters  |  London 

World stocks hit fresh highs on Wednesday with European markets joining the party as early indications suggest 2018 will be another year of synchronised global growth led by a robust European economy. After its biggest one-day gain in more than two weeks on Tuesday, and in the wake of its best year since 2009 in 2017, MSCI's index of global stocks, which tracks shares in 47 countries, pushed on to new record highs. The pan-European stock index was 0.2 per cent higher following gains for their Asian and US counterparts overnight as manufacturing surveys pointed to a strong ...

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First Published: Wed, January 03 2018. 19:09 IST