LONDON: World shares hit their highest level since July 2011 on Wednesday after US markets jumped sharply in response to the deal to prevent a fiscal crunch from sending the giant economy back into recession.
MSCI's global share index rose to 346.57 points shortly after Wall Street opened, a peak not seen since July 8, 2011 after which a resurgence in the euro zone debt crisis sparked a sharp sell-off in global equity markets.
Wednesday's gains come after the MSCI global index added 13.5 percent in 2012 - its best year since 2009.
*
Comments
Comments are closed.