By Herbert Lash
NEW YORK, Oct 1 (Reuters) – Renewed U.S. stimulus hopes lifted gold prices and global equity markets on Thursday, but relief talks faltered while an all-day outage on Tokyo’s Nikkei and a Brexit legal dispute provided a bumpy start to a likely volatile fourth quarter.
The dollar slipped against major currencies as hopes for a new round of fiscal stimulus from Washington cheered investors who sought higher-yielding but riskier currencies.
Stocks on Wall Street and in Europe rose as investors bet on more stimulus after data showing the number of Americans filing new claims for jobless benefits fell last week. But claims were still at recession levels, while personal income dropped in August, underscoring the need for further government stimulus. L1N2GR1VQ
The Dow industrials and the S&P 500 pared some gains after U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin remained far from agreement