World stocks at highest in over two weeks, China's yuan firms [Reuters (UK)]
China Southern Airlines Company Limited (ZNH)
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Source: Reuters
World stocks at highest in over two weeks, China's yuan firms | Reuters 6 Min Read LONDON (Reuters) - World stock markets rose to their highest level in more than two weeks on Monday as reassuring comments from the U.S. Federal Reserve chief, an easing in trade war jitters and a bid by China’s central bank to stabilize the yuan lifted risk appetite. A stronger-than-expected German business sentiment survey added to the upbeat mood in Europe, with stock markets in Paris and Frankfurt up 0.4 percent each .GDAXI .FCHI . British markets were closed for a public holiday. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 1.1 percent and Japan's blue-chip Nikkei closed at a 10-week high .N225 . That left the MSCI All-Country World index .MIWD00000PUS, which tracks shares in 47 countries, at its highest level since Aug. 9. Comments from Fed chief Jerome Powell at the Jackson Hole symposium on Friday affirming that the U.S. central bank was sticking with its strate
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