Investor worries of a cooling US economy, however, kept a lid on risk appetite, while the focus in Asia is on how Indian markets fare after stocks sank and the rupee slid
In Europe, investors expect the European Central Bank on Thursday to cut the benchmark rate by 25 basis points to 3.75 per cent
A downward revision to consumer spending meant the US economy grew more slowly than expected in the first quarter, data showed on Thursday
Holidays in the United States and UK made for thin trading ahead of Friday's figures on core personal consumption expenditures
Traders are pricing in 47 basis points of easing this year from the Fed, with a rate cut in November fully priced in
Gold marched back toward record levels, and crude oil added to gains after rebounding strongly
There are also reports Chinese authorities are laying the groundwork for a sale of 1 trillion yuan ($138.39 billion) in longer-dated bonds to help fund stimulus spending at home
China stocks also gained, with blue-chip shares 0.14 per cent higher, while Hong Kong's Hang Seng Index rose 1.4 per cent, having touched an eight month high in early trading
Issues like subsidies, public stockholding for food security persist
The dollar gained as investors took profits on bets it would weaken further and shrugged off economic data suggesting the Fed could be done hiking rates
Closing Bell on August 16, 2023: The shares of SBFC Finance, which debuted on Wednesday at a premium of 44 per cent, settled at Rs 92.2 per share, up nearly 62 per cent over issue price
Global stock markets declined Tuesday ahead of an update on US retail spending after China reported that an economic slump deepened in July and its central bank cut a key interest rate to shore up growth. London, Shanghai and Wall Street futures declined. Tokyo advanced. Oil prices fell. Chinese consumer and factory activity slowed more than expected in July, official data showed. The People's Bank of China cut its interest rate on one-week loans to banks. Policymakers are starting to hit the panic button, Stephen Innes of SPI Asset Management said in a report. Also Tuesday, Russia's central bank raised its main lending rate by 3.5 percentage points to 12% in an emergency move to strengthen the ruble after the currency reached its lowest value since early in the war with Ukraine. The ruble has lost one-third of its value since the start of this year. In early trading, the FTSE 100 in London fell 1.2% to 7,417.72. The CAC 40 in Paris declined 1% to 7,277.68 and the DAX in Frankfurt
The dollar was a touch weaker, while crude oil prices rose after a surprise drop in U.S. stockpiles
Investors have viewed a weaker labor market as a key component to bring down stubbornly high inflation
The euro was up 0.3% at around $1.0673, versus a 1.2% jump on Friday
The market sentiment got a boost from jobs and services data in the US, which hinted at a cooling economy prompting bullish bets from investors
The MSCI World equity index rose by 0.3%, putting it on the cusp of its first weekly gain in more than a month
The MSCI All-World index rose about 1.1% on the day, although it is on track for a more than 3% decline in December
China's Premier Li Keqiang, in comments carried by state media, said the country's shift in Covid-19 policy would allow the economy to pick up pace
World stocks eased on Wednesday and bonds remained supported after a chorus of Wall Street bankers warned about a likely recession ahead