Global equities were higher on Wednesday, extending the global equity market ral...
LONDON - Global equities were higher on Wednesday, extending the global equity market rally into a fifth month as investors cheered Apple’s strong results and the U.S. dollar dipped ahead of a policy statement from the Federal Reserve.
In a sign of the growing appetite for riskier assets, Australian shares ended just shy of an 11-year peak and London’s blue chip FTSE 100 was up 0.2 percent after solid earnings from supermarket chain Sainsbury’s. [.L] There was plenty to keep investors who were at their desks occupied: Beijing and Washington began their latest talks aimed at ending a bitter trade war and Fed chairman Jerome Powell was due to speak later following the central bank’s two-day policy meeting.
The Fed is largely expected to leave U.S. borrowing costs unchanged as it seeks to balance solid economic growth against low inflation.
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