A gauge of global stocks rallied to a
record, eclipsing its 2014 peak, as monetary stimulus spurred
gains from Europe to Japan, while U.S. equities traded near
unprecedented heights.
The MSCI All-Country World Index climbed to 434.4 and was trading 0.2 percent higher at 434.27 as of 10:27 a.m. in London.
The measure of developed and emerging-market shares is up for an 11th day, its longest streak since 2004. A MSCI gauge of developed equities is heading for a record close, while the MSCI Emerging Markets Index is poised for its highest level since November.
“We have a Goldilocks situation of global liquidity expansion and a strong U.S. economy,” said Mitsushige Akino, an executive officer at Ichiyoshi Asset Management in Tokyo. “As long as this remains, the MSCI index will have no choice but to keep rising.”
The Stoxx Europe 600 Index climbed 0.2 percent on Thursday,
trading at a seven-year high and taking its annual rally to 13
percent as European Central Bank President Mario Draghi
announced a 1.1 trillion euro ($1.3 trillion) asset-purchase
plan.
The Standard & Poor’s 500 Index has more than tripled during a six-year bull run on the back of accommodative central-bank policies and a doubling in corporate profits.
Futures on the gauge added 0.1 percent after the S&P 500 closed near a record. The Nasdaq Composite Index ended 1.6 percent away from the all-time high reached in 2000.
The MSCI All-Country World Index climbed to 434.4 and was trading 0.2 percent higher at 434.27 as of 10:27 a.m. in London.
The measure of developed and emerging-market shares is up for an 11th day, its longest streak since 2004. A MSCI gauge of developed equities is heading for a record close, while the MSCI Emerging Markets Index is poised for its highest level since November.
“We have a Goldilocks situation of global liquidity expansion and a strong U.S. economy,” said Mitsushige Akino, an executive officer at Ichiyoshi Asset Management in Tokyo. “As long as this remains, the MSCI index will have no choice but to keep rising.”
The Standard & Poor’s 500 Index has more than tripled during a six-year bull run on the back of accommodative central-bank policies and a doubling in corporate profits.
Futures on the gauge added 0.1 percent after the S&P 500 closed near a record. The Nasdaq Composite Index ended 1.6 percent away from the all-time high reached in 2000.
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