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World stocks recover from wobble as ECB sends euro, yields higher

Reuters  |  LONDON 

By Helen ReidLONDON (Reuters) - World stocks scaled fresh peaks on Friday while the euro hit a three-year high and Bund yields rose as progress on forming a German government gave fresh impetus to a bond market sell-off triggered by signs the ECB may accelerate an end to its stimulus.MSCI's broadest gauge of the world's stock markets hit yet another record high and was on track to rise for its eighth of the nine business days so far this year -- for a total increase of 3.5 percent.U.S. stocks were set to open higher as well, likely hitting new records once again having made a rapid recovery ...

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First Published: Fri, January 12 2018. 17:07 IST