LONDON (Reuters) – World stocks set new record highs on Friday and the prices of safe-haven assets such as gold pulled back as investors cheered an apparent de-escalation in U.S.-Iran tensions and looked instead to prospects of improved global growth.
Markets have swiftly reversed the sharp falls seen at the start of the week after the United States killed Iran’s most senior general, believing it would not lead to a full-scale military confrontation that would rock investor confidence.
The MSCI world equity index .MIWD00000PUS, which tracks shares in 49 countries, has quickly resumed its rally and added another 0.1% on Friday to hit a new record high. It is almost 1.5% above the lows seen on Monday.
(GRAPHIC: MSCI World Equity Index – here)
European shares were mixed at the open, with pan-European Euro Stoxx 50 .STOXX50E down 0.16%, the German DAX .GDAXI up 0.06% and Britain’s FTSE .FTSE 0.1% ahead.
That followed record levels in the three major share indexes on Wall Street on…
Source news reuters.com, click here to read the full news.