TOKYO/WASHINGTON: World shares rallied to a record peak on Wednesday, following an overnight surge that saw the Dow Jones benchmark crack 30,000 for the first time as investors cheered a dramatically improved global outlook.
"I expect the honeymoon between financial markets and the Biden administration and stocks' bull trend could continue until around his inauguration in January," he said, adding reality checks could follow, once he will be sworn in. Investors bet forthcoming virus vaccine shots could ease the pain on various industries that have been hit hardest by the pandemic, from tourism to energy, despite the ongoing severe outbreak of the virus in many parts of the world.In the currency market, risk-sensitive currencies held an upper hand against safe-haven currencies, including the U.S. dollar.