By Dhara Ranasinghe LONDON (Reuters) – World stocks rallied to six-month highs on Wednesday as investors cheered signs of progress in U.S.-China trade talks and reassuring economic data, helping push Germany’s 10-year bond yield back up to zero percent. Oil neared the key $70 per barrel mark — a multi-month high — on supply concerns.Sterling extended its gains after British Prime Minister Theresa May said late on Tuesday she would seek another Brexit delay to agree an EU divorce deal with the opposition Labour Party leader, raising hopes of a “softer” Brexit. Signs of progress in U.S.-China trade talks and decent factory activity data from China and the United States in recent days has lifted investor sentiment and taken the edge off world recession fears.Europe’s stock markets rose almost 0.8 percent to their highest since August, tracking strong overnight gains in Asia where MSCI’s broadest index of Asia-Pacific shares outside Japan climbed to a seven-month peak. Hopes for a deal to end the trade war between the world’s two largest economies were fanned by fresh comments from White House economic adviser Larry Kudlow that Washington expects “to make more headway” in talks this week. “We’re being told that we’re 90… Read full this story
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