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World stocks extend global recovery, set for sixth day of gains

The rebound came after a two-week rout that wiped off over $6 trillion in global stock market value at one point, triggered by worries of a rise in US inflation

Reuters  |  London 

World stocks were set for a sixth session of gains on Monday, extending a recovery from a selloff sparked by fears of creeping inflation and higher borrowing costs. Gains were marginal however, and scored largely in Asian markets, with Japan's Nikkei 225 up 2 percent. European bourses gave up initial gains to turn lower, with the pan-European STOXX index down 0.2 percent. Trading was slower than usual due to market holidays in the United States and China, but moves in the steel sector were pronounced in the wake of the US government outlining proposals for hefty import ...

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First Published: Mon, February 19 2018. 16:01 IST