Fed shift helps global stocks close in on best month since 2016

Fed chairman Jay Powell put the prospect of further rate increases on ice at the central bank's meeting on Wednesday © Bloomberg

An abrupt U-turn by the Federal Reserve on the prospect of further interest rate rises has helped put global stocks on track for their best month in almost three years. Asian equities enjoyed the sharpest gains on Thursday, echoing a more than 1.5 per cent jump on Wall Street on Wednesday, after

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