While you were asleep: Meme stock frenzy boosts markets, gold shines

The Federal Reserve announced that it would start selling its portfolio in corporate bonds, signalling the first move in unwinding emergency policies it launched in March last year to stem the panic the Covid-19 pandemic caused in financial markets. This sent gold to stabilise near 5-month highs at $1,900.

Meanwhile global equities edged higher on hopes of an economic rebound and a fresh surge in so-called ‘Meme stocks’.

Here’s a round-up of the world’s top and most interesting business headlines:

SA Business

US Business


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