Stocks on Cruise Control as Rate Cut Expectations Boost Outlook

Stocks on Cruise Control as Rate Cut Expectations Boost Outlook
A man works at the Tokyo Stock Exchange after market opens in Tokyo, Japan, on Oct. 2, 2020. Kim Kyung-Hoon/Reuters
Reuters
Updated:
0:00

LONDON—World stock markets edged higher on Thursday, as the continuing downtrend for global bond yields lifted confidence.

Asia had made fresh gains of 0.2-0.3 percent overnight and Europe followed suit as a flurry of weak economic data out of Germany, France, and Italy bolstered bets that interest rates are heading for the chop next year.