LONDON: Global stocks rose for the seventh straight day to reach a record high on Tuesday, while bitcoin also reached a peak after an endorsement from Tesla Inc in the prior session had sent the cryptocurrency up 20per cent.
That helped The MSCI All-Country World Index edge up 0.1per cent to its own record high, although early moves in Europe's top indexes suggested further gains may be tougher to find, with Britain's FTSE 100 flat on the day."Reflation on the back of U.S. fiscal stimulus and positive vaccine news remains the major theme for markets," strategists at National Australia Bank wrote.
Despite that, concern remains over the pace of vaccination, the efficacy of the vaccines against new strains of the COVID-19 virus and the damage being done to economies, including the impact on the dollar of a planned US$1.9 trillion stimulus package.