Stocks set for quarterly gains, yen at five-week high

Jun 30, 2014, 7:38 AM EDT
An Indian pedestrian walks past a foreign exchange dealer's shop window with a poster of various currency notes in Mumbai on August 16, 2013.
AFP/Getty Images

Global stocks were on track for their fourth straight quarter of gains on Monday, aided by loose monetary policies from major central banks, although concerns about geopolitical developments and global economic health underpinned the safe-haven yen. The Bank of International Settlements - a consortium of the world's top central banks - warned on Sunday that financial markets were increasingly out of sync with shaky global growth prospects. It said several early warning indicators signaled that vulnerabilities were building up in the financial system of several countries.
Background:
Stocks set for quarterly gains, yen at five-week high [Reuters]
World's longest bull market masks Malaysia risks [Bloomberg]

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