Global shares near record levels as vaccines inject hope

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Sat, 2021-02-06 03:15

LONDON: Global shares approached record highs on Friday while the dollar and oil topped recent milestones, as progress in vaccine distribution and US stimulus hopes prompted bets on further normalization in the global economy.

An index of the world’s major 50 markets, MSCI ACWI, rose 0.21 percent to 668.1, coming within reach of a record high of 670.82 touched about two weeks ago. It was the fifth consecutive day of gains.

Video-streaming app Kuaishou is pictured on a mobile phone in this illustration picture taken January 25, 2018. (REUTERS Illustration/File Photo)
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