Global Stocks Climb to Record as Rally Broadens on Stimulus
Craig Hodges on Fed Policy, Investment Strategy
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A gauge of global stocks rallied to an intraday 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, an all-time high for the measure of developed and emerging-market shares, before retreating. It advanced for 10 straight days through Wednesday, its longest streak in a year. A MSCI gauge of developed equities closed at a record Wednesday, while the MSCI Emerging Markets Index is near its highest level since November.