London - Global equities were higher on Wednesday, extending the global equity market rally into a fifth month as investors cheered Apple's strong results and the U.S. dollar dipped ahead of a policy statement from the Federal Reserve. MSCI world equity index, which tracks shares in 47 countries, was up 0.1 percent at 0858 GMT after rising to its highest since early October, although May Day holidays across Asia and Europe meant trading was thinner than usual. In a sign of the growing appetite for riskier assets, Australian shares ended just shy of an 11-year peak and London's blue chip FTSE 100 was up 0.2 percent after solid earnings from supermarket chain Sainsbury's. CME E-Mini S&P 500 Futures were at record highs and Nasdaq futures were up 0.7 percent, suggesting Wall Street is poised for more gains after hitting another record close overnight fueled by optimism about first quarter earnings. Apple shares rallied after the closing bell as the iPhone maker delivered forcecast-beat...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.