You are here: Home » International » News » Markets
Business Standard

World stocks hit new high as Spain relief, tech rally boost European scrips

MSCI's world equity index, which tracks shares in 47 countries, rose 0.2% to its highest ever level

Reuters  |  London 

A strong rally in the technology sector helped drive global stocks to a record high on Monday, while a recovery in Spanish markets supported European shares after an opinion poll smoothed investors' concerns over Catalan secession. MSCI's world equity index, which tracks shares in 47 countries, rose 0.2 per cent to its highest ever level. The index has surged 17.7 percent so far in 2017 and is on track for its best annual showing since 2013. Eurozone stocks climbed 0.3 per cent, holding near their highest level in 10 years. European stocks have rallied this year as a ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, October 30 2017. 19:52 IST
RECOMMENDED FOR YOU