Global stocks began the trading week with an upward spurt, shaking off the recent turmoil and sending the US benchmark S&P 500 higher after it suffered its worst week in over two years.
Government bond yields also found some stability, having initially climbed on concerns about inflationary pressures.
Koon Chow, a strategist at UBP, said the simultaneous rebound in equities and fall in bond prices looked like a return to “the old normal” in which markets see a benign economic outlook.
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