World stocks at highest in over two weeks, China's yuan rallies [Reuters]
China Southern Airlines Company Limited (ZNH)
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Source: Reuters
World stocks at highest in over two weeks, China's yuan rallies | Reuters 6 Min Read LONDON (Reuters) - World stocks rose to their highest level in over two weeks on Monday, following reassuring comments from the U.S. Federal Reserve chief, signs of progress on a U.S.-Mexico NAFTA trade deal and a bid by China’s central bank to stabilize the yuan. A stronger-than-expected German business sentiment survey added to the upbeat mood in Europe, with stock markets in Paris and Frankfurt up about 0.5 percent each .GDAXI .FCHI . British markets were closed for a public holiday, while U.S. stock futures ESc1 1YMc1 pointed to fresh gains on Wall Street. 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 sympos
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