World Stock Mkt. Rally, MSCI Index Hits 8 Mo. High
The MSCI Barra World Stock Market Index reached a new 8-month high today of 1,004.783 points, closing at the highest level since November 4, 2008 (see chart above). From its early March low, the World Stock Market Index has increased 46%. Leading the world stock market rally are the emerging markets, which are up by more than 60% since early March.