Global stocks keep on rising. The MSCI All Country World Index gained for an eighth day, the longest stretch of increases since February, as minutes from the Federal Reserve's September meeting bolstered the view interest rates won't budge until 2016. The Fed's healthy view of the domestic economy is tempered by external threats, like China's slowdown. The eight-day 8 percent rally is the biggest since December 2011. $3.2 Trillion of value has been added to global stocks in that period after the worst quarter in four years. European stocks gained for a sixth day, the longest winning streak since July 20.
Asian stocks are heading for the biggest weekly rise in almost four years as investors push back expectations for when the Fed will raise interest rates. The MSCI Asia Pacific Index has jumped 6 percent to the highest level since Aug.20. The move comes after the gauge sank 15 percent in the third quarter, the biggest drop in four years, after China devalued its currency. Now investors believe Chinese authorities will be forced to implement more measures to prop up its faltering economy. The region's best-performing equity index this week is Indonesia's Jakarta Composite Index, which has soared 20 percent.