The best first half for financial markets ever [Reuters]
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Source: Reuters
The best first half for financial markets ever LONDON (Reuters) - What a six months for financial markets. Global equities have piled on $8 trillion, bonds are on fire, oil prices have surged by almost a quarter and a Greek bank is one of the world’s best performing stocks. Everything added together it may well be the best first half of a year ever and one that not even the most wily investor would have predicted after the dire end to 2018 and what has happened since. The world’s two top economies are slugging it out in a full-blown trade war and the recession warning klaxons are blaring, but still the performance numbers and milestones are astonishing. The $8 trillion surge in global stocks is the result of a near 15% leap in MSCI’s world index .MIWD00000PUS. That is challenging the dot.com boom days of 1997 as the best H1 in its near 40-year history. Wall Street is up 18%, Europe 13% and China has jumped 20%, which is a lot of what it lost year even factoring in it has given back 5%
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