Economics
Stocks, Bonds Rally as Inflation Debate Lingers: Markets Wrap
- European bonds rise on report the ECB to extend purchases
- Crude oil gains, bitcoin surges past $5,800 to another record
ECB to Consider Cutting QE Purchase
This article is for subscribers only.
U.S. stocks climbed to record highs and Treasuries rallied after a core inflation reading slowed, adding to evidence that economic growth continues apace without stoking price increases. The dollar pared losses.
Bonds in Europe gained after a report that the European Central Bank may continue asset purchases for at least nine months after it starts tapering in January. The Stoxx Europe 600 Index climbed, led by steelmakers and miners as most industrial metals gained and crude oil rose back above $51 a barrel.