November 14, 2021

GLOBAL MARKETS-World shares ride earnings to fresh high, dollar flat

(Recasts, updates prices throughout)

* MSCI World index up 0.2% to fresh record high

* Earnings beats help outweigh COVID-19 caution

* Dollar, Treasuries languish, eye U.S. employment data

By Simon Jessop and Swati Pandey

LONDON/SYDNEY, Aug 4 (Reuters) – Global shares rode earnings to a record high on Wednesday, while the dollar and Treasury yields languished in the wait for U.S. employment data to provide clues to the pace of monetary tightening in the world’s biggest economy.

Strong corporate profits have eased concerns over the COVID-19 pandemic, as vaccine roll-outs continue apace in developed markets, despite a resurgence of cases in Asian countries including China.

While that has helped buoy equities, inflationary pressures and a growing belief the U.S. Federal Reserve may soon signal its intention to trim support to the economy continue to cause a tussle with the bond market over…

Read full article here: