Global stocks are at record highs after strong U.S. and Chinese economic data bolstered expectations of a solid global economic recovery from the COVID-19 pandemic.
Government stimulus, a string of strong corporate earnings and signs of economic recovery in countries ahead in COVID-19 vaccinations have helped push stock markets around the world to new highs.
MSCI’s broadest gauge of world stocks edged higher in European trading Friday, up 0.2% to a record high. Europe’s top indexes all opened higher, led by Britain’s FTSE 100, up 0.5% and passing 7,000 points for the first time since February 2020.
U.S. stock futures pointed to a mixed open on Wall Street, with the S&P 500 up 0.1% and NASDAQ futures down 0.1%
Asian markets tracked a path similar to Europe’s. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.5%, with Shanghai shares adding 0.8% and Japan’s Nikkei up 0.1%.
Driving the … Read more