September 16, 2021
Economy

World shares bounce, dollar edges lower as Biden-Xi call helps mood

LONDON/HONG KONG (Reuters) – Global shares rose and the dollar edged lower on Friday as news of a call between Xi Jinping and Joe Biden offered some relief to traders eyeing cautious central bank steps towards ending stimulus.

FILE PHOTO: A men wearing a mask walk at the Shanghai Stock Exchange building at the Pudong financial district in Shanghai, China, as the country is hit by an outbreak of a new coronavirus, February 3, 2020. REUTERS/Aly Song

The U.S. president and his Chinese counterpart spoke for 90 minutes in their first talks in seven months on Thursday, discussing the need to avoid letting competition between the world’s two largest economies veer into conflict.

That helped China shares rise 0.9%, giving a fillip to the region and lifting MSCI’s World index, its broadest gauge of global stock markets, up 0.2% in early European deals, ending a…

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