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Looking at the World’s Stock Markets

By Paul Ebeling2 min read

#stock#markets#world

$DXY $GBP

"World stocks eased from their record highs, while USD reached its highest in 8 days Thursday, after hawkish/dovish remarks from a senior Federal official" -- Paul Ebeling

Fed Vice Chairman Clarida said Wednesday he felt the conditions for raising interest rates could be met by the end of Y 2022, raising Qs about when the Fed might begin to scale back its bond-buying program

It is a question not of if the Fed taper but how fast the Fed taper, I say, not now or for a while.

The MSCI world shares index was steady at 729.68, versus a record peak of 731.88 hit in Wednesday's session.

European stocks hit record highs and were up 0.21% on strong earnings from Danish company Novo Nordisk and German industrial firm Siemens.

UK stocks were steady and the GBP rose 0.18% against USD ahead of a Bank of England Policy meeting.

Chinese regulatory crackdowns on sectors from property to education squeezed Chinese stocks and overshadowed the region as a whole.

The Chinese blue chip index was down 0.61%, weighed primarily by investors dumping online gaming companies, fertilizer producers and e-cigarette makers fearing criticism of these industries in state media could portend more government crackdowns.

The Hong Kong index fell 0.83% and Korea, was down 0.3%. But Australian shares hit a record closing high, led by banking stocks, and Japan’s Nikkei climbed 0.52%.

Have a prosperous day, Keep the Faith!

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