MSCI all-country world index sets new 2009 high - News

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MSCI all-country world index sets new 2009 high

By: AFX | 16 Nov 2009 | 10:44 AM ET

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LONDON, Nov 16 (Reuters) - MSI's all-country index of global stocks rose 1.6 percent on Monday to its highest level since September 2008, buoyed by a weakening dollar, higher commodity prices and rising U.S. retail sales. Emerging markets outperformed again and were up more than two percent on the day. Gains in Asia and Europe were matched in early Wall St trading where the Dow Jones industrial average gained 1.2 percent and the Standard & Poor's 500 rose 1.5 percent. The U.S. market gains propelled the world index above the 300 point level to set a high of 300.99, surpassing the previous 2009 intraday high of 300.77 from Oct 20. Keywords: MARKETS GLOBAL/INDEX (Reporting by Mike Dolan, London newsroom +44 207 542 8488.

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