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Global stocks hit record high as Biden transition, vaccines brighten outlook - Investing.com

Global stocks hit record high as Biden transition, vaccines brighten outlook - Investing.com

Nov 25, 2020 48 secs

LONDON/TOKYO (Reuters) - Global shares reached record highs on Wednesday after the Dow Jones broke 30,000, with investors relieved at the prospect of a smooth handover of power after the U.S.

The renewed demand for shares pushed MSCI's broadest gauge of world stocks to a record high of 622.12.

European shares Euro STOXX 600 followed suit, gaining 0.1% in early trading to hold near nine-month highs, with banking stocks gaining ground, then falling back.

In Asia, Japan's Nikkei earlier rose to a 29-year high.

Global energy shares have risen almost 34% so far this month, on track for their best month on record as crude prices rally.

Oil prices held near their highest levels since March on the improved global economic outlook.

Yields on benchmark euro zone debt rose from record lows.

German Bund yields traded near their highest levels in almost a week.

The Australian dollar moved to its highest since early September, already helped by investors unwinding bets on additional monetary easing.

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