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Global stocks, U.S. bond yields rise as Fed meets

Reuters  |  NEW YORK 

By Caroline ValetkevitchNEW YORK (Reuters) - World stock markets rose with bank shares and short-dated U.S. bond yields hit multi-week peaks on Tuesday as investor focus turned to the Federal Reserve's monetary policy meeting.Technology shares also edged higher after a two-session sell-off that put the spotlight on areas of the stock market where valuations appear stretched.The Fed, the U.S. central bank, is widely expected to raise its benchmark interest rate on Wednesday and may also provide details on its plans to shrink $4.5 trillion of assets it amassed to nurse the economic ...

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First Published: Tue, June 13 2017. 21:27 IST