World stocks hit two-year high
Emerging market stocks led the way, touching levels not seen since June 2008.
MSCI’s all-country world index .MIWD00000PUS, a leading benchmark used by professional investors, was up 0.8 percent in the day at around 319. This was the highest level since September 22, 2008.
The index was up around 0.8 percent on the day, some 85 percent above its financial crisis low in March 2009.
MSCI’s emerging market benchmark .MSCIEF was up more than 1 percent on the day. It has risen 14 percent this year.