LONDON, (MILLAT/APP/AFP) – European and Asian stock
markets rose solidly Wednesday following a rally in Tokyo, as
investors reacted to indications that US interest rates could
climb as early as March.
The dollar extended gains as traders cheered upbeat remarks
on the US economy by Federal Reserve boss Janet Yellen on Tuesday and
her suggestion that US borrowing costs could rise next month.
Wall Street had Tuesday ploughed to record highs for a
fourth successive day as Yellen reinforced the view that the
world’s top economy was in rude health, with the jobs market
improving and inflation heading to the Fed’s two percent
target.