PV Business Desk : World stocks rose to record highs on Wednesday as drugmakers rolled out COVID-19 vaccines and US congressional leaders expressed optimism about a stimulus deal, with the upbeat mood dragging the safe-haven dollar to 2-1/2 year lows.
In Europe, markets were cheered by the possibility of a Brexit trade deal, better-than-expected euro zone PMI economic data and a European Central Bank decision to let euro zone banks start paying dividends again if they have enough capital.
Markets are watching the US Federal Reserve later on Wednesday for hints that it will extend its stimulus programme, and for whether it thinks the economy will suffer a double-dip recession or is on the cusp of a vaccine-inspired boom.
E-mini futures for the S&P 500 were up 0.31%, after US stocks climbed more than 1% overnight.
Source-Reuters
Edited By-SPT
