World stocks bask in growth hopes after Mideast tensions subside

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World shares hit a record high on Friday as relief over the de-escalation of U.S...

) gained 2.1%, helped by news that sales of its iPhones in China in December jumped more than 18% on year. [.N]

While analysts expect slight declines in profits for S&P 500 companies in the last quarter, they see a solid recovery this year. MSCI’s emerging market currency index .MIEM00000CUS hit 1-1/2-year highs, having risen 0.4% so far this week in what is likely to be its sixth straight week of gains as it has also benefited from three U.S. rate cuts last year.

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After Mideast *terrorists killed

Brent crude.

Since oil crude remains near 70 US dollar, all of the brokers continue skiing in Switzerland

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