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World stocks boast record-breaking month, led by Europe

Added 11-29-20 08:04:05pm EST - “World shares were set to seal a record-busting month on Monday as the prospect of a vaccine-driven global economic recovery next year and yet more free money from central banks eclipsed concerns about the pandemic in the near-term.…” - News.yahoo.com

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Posted By TheNewsCommenter: From News.yahoo.com: “World stocks boast record-breaking month, led by Europe”. Below is an excerpt from the article.

SYDNEY (Reuters) - World shares were set to seal a record-busting month on Monday as the prospect of a vaccine-driven global economic recovery next year and yet more free money from central banks eclipsed concerns about the pandemic in the near-term.

The rush to risk has also benefited oil and industrial commodities while undermining the safe-haven dollar and gold.

"November looks set to be an awesome month for equity investors with Europe leading the charge at a country/regional level," said NAB analyst Rodrigo Catril.

Many European bourses are boasting their best month ever with France up 21% and Italy almost 26%. The MSCI measure of world stocks is up 13% for November so far, while the S&P 500 has climbed 11% to all-time peaks.

Early Monday, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1%, to be up more than 11% for the month in its best performance since late 2011.

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