BREAKING: World Stocks Boast Record-Breaking Month, Led by Europe
Photo: Reuters
SYDNEY (Reuters) - World shares were set to seal a record-busting month on Monday as the prospect of a vaccine-driven global economic recovery next year and yet more free money from central banks eclipsed concerns about the pandemic in the near-term.
The rush to risk has also benefited oil and industrial commodities while undermining the safe-haven dollar and gold.
Many European bourses are boasting their best month ever with France up 21% and Italy almost 26%.
The MSCI measure of world stocks is up 13% for November so far, while the S&P 500 has climbed 11% to all-time peaks.
Early Monday, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1%, to be up more than 11% for the month in its best performance since late 2011.
Japan's Nikkei firmed 0.7%, bringing its gains for the month to 16.7% for the largest rise since 1990.
Read more from the original article:
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.