The MSCI All-World index rose for a fifth day, up 0.5%, after having hit five-month lows last week, thanks in part to a 1.4% rise in Europe's STOXX 600.
The Israeli military has since said it called up an unprecedented 300,000 reservists and was imposing a total blockade on the Gaza Strip, raising expectations of a possible ground assault. Israeli markets and the shares of companies exposed to Israel have been hit hard. The shekel, which hit a near-eight year low against the dollar the day before, was down 0.3% on the day, while the cost of insuring against the risk of sovereign default surged to its highest since 2016.
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