Stocks hit record highs early in the New York session as investors focused on the rollout of Covid-19 vaccines. — Reuters pic
MSCI’s All-Country World Index, which tracks stocks across 49 countries, was down 0.5 per cent after earlier hitting a record. British Prime Minister Boris Johnson ordered England into a new national lockdown to contain a surge in Covid-19 cases that threatens to overwhelm parts of the health system, while New York Governor Andrew Cuomo said his state has found its first case of the more contagious, “UK” strain of the coronavirus, raising concerns about threats to hospital capacity.
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