Global Stocks Post Best Week Since 2011 as Commodities Rally
- Zinc soars with copper as U.S. oil climbs toward $50 a barrel
- S&P 500 ekes out gain to cap best week of year, dollar weakens
Central Banks and the World of Single Digit Returns
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Global stocks, commodities and emerging-market currencies delivered their best weeks in years, extending a rally that’s added about $2.5 trillion to equities as central banks show no desire to pull back on stimulus anytime soon.
The MSCI All-Country World Index capped its best weekly rally since 2011. The Standard & Poor’s 500 Index’s advance in the five days was its best of the year, leaving it at the highest since Aug. 20. Oil in New York ended near $50 a barrel and zinc had the steepest daily jump on record as commodities extended a rally. The Bloomberg Dollar Spot Index slipped for the sixth time in seven days.