European shares were swept up in a rally that took global stocks to a record after Janet Yellen spurred expectations the Fed won’t rush to end the era of cheap money.
The MSCI All-Country World Index set an all-time high while European shares headed for their biggest two-day gain in almost three months.
The Bloomberg Dollar Spot Index dropped to the lowest since September while gold climbed.
“There is a tactical opportunity to be more risk-seeking, carry-seeking for a while as central banks pause before acting on hawkish rhetoric,” John Stopford, head of multi-asset income at Investec Asset Management
These are the main moves in markets:
Stocks
The Stoxx Europe 600 Index climbed 0.5 percent.
S&P 500 futures added 0.2 percent.
Currencies
The greenback fell against most of its major peers, with the dollar index touching the lowest since Sept. 22. The gauge has lost 0.8 percent this week.
The pound climbed 0.3 percent to $1.2919. The euro slipped 0.1 percent to $1.1399.
Commodities
West Texas Intermediate crude lost 0.3 percent to $45.34 a barrel. It climbed 1 percent the previous session after data showed crude inventories fell 7.56 million barrels last week.
Gold added 0.2 percent to $1,222.60 an ounce, a fourth day of gains on expectations rates will stay low.
Source: Bloomberg Pro Terminal
Junior Trader Stefan Panteleev
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