All-Time High!
Jeroen Blokland | Oct 01, 2019 09:02
The MSCI World Index in EUR closed at a fresh all-time high yesterday.
Two things are worth mentioning here. First, the ongoing strength of the US dollar is of importance. The Bloomberg US Dollar Index has risen to its highest level since May 2017, pushing the stock prices in euros higher. Second, despite the abundance of risk, political or otherwise, equity markets have shown impressive resilience. For example, the MSCI World Index in USD is just over 1% away from its all-time high. With some indicators suggesting slightly better growth going forward, any relief in geopolitics is likely to push equity markets higher.
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