World markets bounce back on Ukraine diplomacy

Mar 06, 2014, 5:42 AM EST
Pedestrians walk past a quotation board displaying the Nikkei key index of the Tokyo Stock Exchange (TSE) in front of a securities company in Tokyo.
AFP/Getty Images

World shares rose on Thursday, supported by diplomatic efforts to cool the crisis in Ukraine, while the euro held steady on speculation the European Central Bank would ease monetary policy later in the day. The ECB was expected to keep interest rates on hold but loosen lending conditions to ward off the threat of excessively low inflation and support the euro zone's fragile economic recovery.
Background:
Stocks rise on Ukraine diplomacy, ECB easing speculation [Reuters]
Markets mostly higher as Ukraine tensions continue to ebb; weak yen boosts Japan [AP]

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