World shares extended near-record highs on Monday as risk assets found support from an upbeat U.S. October payrolls report and investors faced positive readings on U.S. inflation ahead of more detailed consumer prices this week.
gained 0.20% after hitting a record high last week as relatively dovish central bank messages and the strong labor data in the United States added to optimism generated by a healthy earnings season on both sides of the Atlantic.
After some wild swings, Treasuries still managed to end last week with a rally, thanks partly to a huge drop in UK bond yields where short-dated debt enjoyed its best week since 2009 after the Bank of England skipped a chance to hike.The benchmark 10-year yield was up 2.1 basis points at 1.474% in morning trading.
Cryptocurrencies, which like gold pay no coupon and are seen as a possible hedge against inflation, saw ether hit a record peak and bitcoin jumping to a three-week high.
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