World stocks hit one-year high as U.S. data saps dollar, bond yields

By John Geddie LONDON (Reuters) - World stocks hit a new one-year high on Wednesday, while the dollar and benchmark government bond yields sank and precious metals rose after weak U.S. productivity data again pushed back expectations of a Federal Reserve rate hike. Wall Street [.N] was expected to grind fractionally higher when it resumes, with jobs and housing market data on the agenda. Europe's main bourses were struggling with modest 0.3-0.4 percent losses due to weak company results [.EU], a