Global Stocks Near Records as Oil Prices Drop on Hopes
Global stocks approached record highs as oil prices fell on U.S.-Iran peace optimism. Strong earnings supported the rally while investors await U.S. jobs data.
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MSCI INC all-country index rose 0.23% as global stocks approached record highs following a de-escalation in Middle East tensions. European shares jumped 2.2% on Wednesday and Asian markets surged 1.82%. Falling energy costs are relieving pressure on bond yields, improving valuations for equity investors.
