GLOBAL MARKETS-Stocks hit one-month high, dollar puts squeeze on gold [Reuters]
International Business Machines Corporation (IBM)
Last international business machines corporation earnings: 4/20 04:08 pm
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Source: Reuters
Stocks hit one-month high, dollar puts squeeze on gold | Reuters 5 Min Read LONDON (Reuters) - World stocks hit a one-month high on Wednesday as strong company earnings and a bullish outlook from the head of the U.S. central bank buoyed the dollar. The dollar’s advance took its toll on a host of global currencies and melted gold to its lowest level in a year, but otherwise traders’ spirits were definitely up. Morgan Stanley became the latest heavyweight U.S. bank to deliver a jump in profitsm though Wall Street looked set for a groggy start after reclaiming the 2,600-point mark [.N] on Tuesday. [.N] In Europe, London’s FTSE rose 0.5 percent as Brexit continued to hit the pound. Germany’s DAX climbed to its a one-month high on hopes the European Union and United States would cut a deal on car tariffs. In Asia overnight, Japan’s Nikkei had also hit a one-month peak as a weakening yen promised to fatten exporters’ profits. MSCI’s broadest index of Asia-Pacific shares outside Japan rose a
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