World stocks set fresh record high on strong China, US data By Reuters – Investing.com

World stocks set fresh record high on strong China, US data By Reuters – Investing.com

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© Reuters. A man is reflected on a stock quotation board in Tokyo

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By Simon Jessop LONDON (Reuters) -Global stocks hit a record high on Friday and oil climbed after strong U.S. and Chinese economic data bolstered expectations of a solid global recovery from the coronavirus-induced slump. Government stimulus, a string of strong corporate earnings releases and signs of economic recovery in countries ahead in the COVID-19 vaccination race have all helped push stock markets onto new heights in recent days. "As the economic re-opening accelerates in the coming months, we believe the bull market remains on a solid footing," said Mark Haefele, chief investment officer, UBS Global Wealth Management. MSCI's broadest gauge of world stocks edged higher in early European trade, up 0.2% to a record high. Europe's top indexes all opened higher, led by 100, up 0.5% and passing 7,000 points for the first time since February 2020. "As the global recovery becomes more entrenched, fuelled by continued fiscal stimulus and ultra-loose monetary policy, we think this should translate into continued positive UK equity market performance," said Nick Peters, multi asset portfolio manager, Fidelity International. U.S. stock futures pointed to a mixed open on Wall Street, with