Shares rise as firmer Chinese yuan eases deflation fears

February 15, 2016 9:46 AM

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Shares rise as firmer Chinese yuan eases deflation fears

World stocks rose on Monday as China’s central bank fixed the yuan at a much stronger rate and oil prices held on to recent gains, easing fears of global deflation.

The rally belied a string of poor economic data from Beijing to Tokyo as demand for safe-haven assets waned, yet investors remained on edge as concerns lingered about global growth and the health of the financial sector.

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