Investors’ enthusiasm for tech stocks help global shares to another record
London — World shares scaled yet another record high on Wednesday, propelled higher by a bullish growth and company earnings outlook, as well as investors’ unflagging enthusiasm for technology stocks. Emerging markets too were on a roll, lifted by a weaker dollar and inflows into Asian assets, with little sign of spillover from Turkey, where the lira plumbed a new low. With oil prices approaching a two-and-a-half year top and global tech making more gains, world stocks have taken just nine days to surpass their previous record peak, while MSCI’s emerging-markets index touched new six-year highs Ipek Ozkardeskaya, senior analyst at asset manager London Capital Group, noted markets had also shrugged off doubts that US President Donald Trump would be able to pull off promised tax reform. "There is some optimism in world equity markets," Ozkardeskaya said. "[But] we can’t say the rally will fade soon because if you look at volatility measures there are signs of no anxiety in the market,...
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