A spokesperson for the central bank said the report was "inaccurate".Īt 0957 GMT, the MSCI word equity index, which tracks shares in 47 countries, was up 0.3% on the day. Market sentiment also benefited from a Financial Times report that the Bank of England was likely to delay the start of its sales of billions of pounds of government bonds.
Meanwhile, the yen hit a new 32-year low versus the dollar and Japan's finance minister repeated warnings that authorities could intervene. dollar index hit a 12-day low during Asian trading hours, as investors became less risk-averse. Wall Street's gains were also driven by better-than-expected Bank of America earnings.
Relief at the U-turn prompted a rally in Europe, which lasted through U.S. Britain's new finance minister, Jeremy Hunt, on Monday scrapped Prime Minister Liz Truss's economic plan, which had sapped investor confidence in Britain in recent weeks. Reuters | Updated: 18-10-2022 16:16 IST | Created: 18-10-2022 16:00 IST Representative image Image Credit: PiqselsĮuropean stock indexes rose on Tuesday and Wall Street was set to open higher, in a revival of risk appetite that analysts attributed to the turnaround in British fiscal policy.
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