World stocks near record highs as China, U.S. data back global recovery hopes

TheStar Fri, Apr 16, 2021 02:33pm - 3 years View Original


TOKYO: Global stocks stood near record highs on Friday after strong U.S. and Chinese economic data cemented expectations of a solid global recovery from the coronavirus-induced slump.

European shares are expected to inch higher, with Euro Stoxx futures up 0.1% and Britain's FTSE futures slightly higher.

MSCI's broadest index of Asia-Pacific shares outside Japan was last up 0.25%, with Shanghai shares adding 0.6%. Japan's Nikkei ticked up 0.1%.

MSCI's broadest gauge of world stocks ticked up 0.05% by late Asian trade, staying just below Thursday's record peak.

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