World stocks set for consecutive weekly gains for first time in 2022

World stocks are headed for a second consecutive week of gains for the first time in 2022 though sentiment was broadly cautious as markets evaluated the economic risks from the Fed Reserve's policy

World stocks are headed for a second consecutive week of gains for the first time in 2022 though sentiment was broadly cautious as markets evaluated the economic risks from the Federal Reserve's policy tightening and Russia's war in Ukraine.

Technology shares in Hong Kong led losers and weighed on the broader market after U.S. regulators said recent media speculation about an imminent deal that would stop hundreds of Chinese companies from being kicked off American stock exchanges was "premature".

Even though global flash PMI data for March this week showed the world economy was broadly resilient, investors have turned increasingly bearish on