MSCI world equity index is still down 1% for the week and on track for its seventh consecutive weekly decline - its longest losing streak since its inception in 2001
London — Shares rebounded on Friday after China cut a key lending benchmark to support its economy, though a global equities gauge remained set for its longest weekly losing streak on record amid investor worries about slowing growth and high inflation.
China’s LPR cut “shows you not all central banks are trying to create an environment where the market sells off,” he added. Germany's 10-year government bond yield was up 3 basis points at 0.969%, well below last week’s eight-year high of 1.189%.
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