Key Points
LONDON (Reuters) World shares held close to record highs on Wednesday thanks to new all-time peaks in Europe and on Wall Street, as investors bet hotter-than-expected U.S. inflation wont stop the Federal Reserve and other central banks from cutting interest rates...
Asian shares hit seven-month highs overnight as a number of tech sectors made gains, but Europe went even better early on by squeezing out its fifth record high in six sessions..
Volatility in currency markets remained low, however, much to the disappointment of FX dealers and despite the European Central Bank being set to publish its highly anticipated operational framework review later in the day...
The latest rise in Europes stock prices was driven by the regions retailers as solid results from Zara-owner Inditex and a 14% surge in Zalando shares more than offset news of Adidas first loss in 30 years due to its Kanye West problems.. Bitcoin bustled to its third straight record high at $73,400 as cryptomarkets continued to sizzle ahead of what is known as a halving where it effectively becomes tougher to mine the currency...
The benchmark S&P 500 climbed to a fresh record high on Tuesday as Oracle shares surged and slightly hot consumer price data failed to dampen investors hopes for interest rate cuts in the coming months...
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