Stocks rally, seizing on Ukraine de-escalation signs

World stocks crept higher on Wednesday for the second day in a row, while safe-haven assets such as government bonds and gold lost ground, despite Western scepticism over Russian claims of a troop pullback from Ukraine’s borders.

Marketmind: A China crackdown

World stocks snapped a four-day rising streak on Monday as a widening crackdown on some parts of the world’s second biggest economy by regulators sent shudders through global markets.