Global stocks hovered near 17-month highs and the euro hit its best level against the dollar since April as risk appetite continued to be buoyed by optimism about a US budget deal and hopes of further monetary stimulus in Japan.
The FTSE All-World equity index was up 0.4 per cent as Tokyo’s Nikkei 225 Average jumped 2.4 per cent to regain the 10,000 level for the first time in eight months and the FTSE Eurofirst 300 rose 0.4 per cent.
Wall Street, however, paused for breath in the wake of the S&P 500’s biggest two-day rally in a month.
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