Key Points
NEW YORK/LONDON (Reuters) World stocks edged higher on Thursday, helped by surging European stocks and a larger-than-expected rise in U.S. weekly jobless claims that buoyed interest rate cut hopes, while the dollar eased as the market awaits key inflation data next week...
The yield on benchmark 10-year Treasury note rose 0.3 basis points to 4.487%, while the two-year notes yield, which typically moves in step with interest rate expectations, fell 1.9 basis points to 4.8238%..
Overnight in Asia, Chinese trade data and some property market developments had helped Chinese stocks continue their recent outperformance..
Customs figures showed that Chinas imports jumped 8.4% in April from a year earlier, beating expectations for a rise of 4.8%, while exports returned to growth, meeting forecasts, in a boost to economic growth...
That helped Chinese shares build on earlier gains, with blue-chip stocks ending up almost 1% and Hong Kongs Hang Seng index increasing 1.2%.News that Chinas eastern metropolis Hangzhou will lift all home purchase restrictions in the ailing property sector, a key pillar of domestic demand, also boosted sentiment...
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