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GLOBAL MARKETS-World stocks ride tech boom, bat aside politics to scale new high [Reuters]

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PDF World stocks ride tech boom, bat aside politics to scale new high | Reuters 6 Min Read LONDON (Reuters) - World shares scaled yet another record high on Wednesday, propelled higher by a bullish growth and company earnings outlook, as well as investors’ unflagging enthusiasm for technology stocks. Emerging markets too were on a roll, lifted by a weaker dollar and inflows into Asian assets, with little sign of spillover from Turkey where the lira plumbed a new record low. With oil prices approaching a 2-1/2-year top and global tech making more gains, world stocks have taken just nine days to surpass their previous record peak .MIWD00000PUS, while MSCI’s emerging markets index touched new six-year highs .MSCIEF Ipek Ozkardeskaya, senior analyst at asset manager London Capital Group, noted markets had also shrugged off doubts that the U.S. President Donald Trump would be able to pull off promised tax reform. “There is some optimism in world equity markets,” Ozkardeskaya said. “(But) we ca [Read more]

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