MSCI world stocks index returns to record high

London (Reuters): A widely-tracked index of global stocks, MSCI’s All-Country World Index, hit a new record high in European trading on Monday.

The move came as investors breathed a double sigh of relief that hurricane Irma had lost some strength in the United States and that North Korea had not conducted any further missile tests over the weekend as it celebrated its founding anniversary.

The MSCI index tracks roughly 2,400 stocks in 47 countries. A total of $ 2.8 trillion assets are benchmarked against it, MSCI says.