World share markets rose on Wednesday and short-term U.S. bond yields hit 4 1/2-year highs as investors braced for the possibility of the first interest rate hike in the United States in almost a decade.
A late 5 percent surge in Chinese stocks had helped Asia’s bourses finish more than 2 percent higher, while gains of 1.0, 0.7 and 1.5 percent for London’s FTSE, Frankfurt’s DAX and Paris’s CAC 40 meant a solid day for Europe too.
