Stocks, Bonds in Euphoric Mood, but Dollar Takes a Beating

Stocks, Bonds in Euphoric Mood, but Dollar Takes a Beating
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, on Sept. 27, 2023. Staff/Reuters
Reuters
Updated:
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LONDON—World stocks held near two-month peaks on Friday, while oil prices were set for a fourth week of declines in a boost for the inflation outlook and government bond markets that are increasingly confident interest rate cuts are coming next year.

The dollar slid 1 percent against the yen and was set for one of its steepest weekly falls against other major currencies this year as market rate expectations shift.