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World stocks partying like its 1999 again; dollar weakest since 2010

European shares edged up too though they were in the red for the week as the pressure of more euro strength

Reuters  |  LONDON 

World stocks were set for their longest weekly winning streak since 1999 on Friday, while the dollar buckled again as its weakest run since 2010 reverberated through almost every major asset class. The MSCI world equity index, which tracks shares in 47 countries, was inching higher ahead of what was expected to be another day of gains for Wall Street's already-record high S&P 500 and Dow markets. MSCI's world gauge was setting new milestones of its own, with its 10th week of gain on the trot securing its longest winning streak since 1999. European shares edged up too ...

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First Published: Fri, January 26 2018. 18:46 IST