Global stocks hit record highs
World shares hit a record high on Wednesday (November 25) as markets cheered an improved global outlook.
And it comes after an overnight surge saw the Dow Jones fly past 30,000 for the first time ever.
Investors bought big when it was confirmed U.S. President-elect Joe Biden could begin his formal transition to the White House,
While buyers were also confident economies could open faster with the release of coronavirus vaccines.
Reports that Biden planned to nominate former Federal Reserve Chair Janet Yellen as Treasury Secretary also cheered markets.
Her hire would likely signal a move towards efforts to tackle growing economic inequality --
The updates helped push MSCI's broadest gauge of world stocks up 0.1% to a record level.
In Asia, Japan's Nikkei rallied 0.5% to a 29-year high.
While European stocks held steady at near nine-month highs as coronavirus restrictions were slightly relaxed in the region.
Germany and the four UK nations revealed plans to allow limited family meetings for Christmas.
France will also start to ease its lockdown this weekend after a sharp drop in infections.
The pan-European STOXX 600 edged up.
Bank stocks rose after a report suggested the European Central Bank could signal a lift on a ban on bank dividends next year
Global energy shares were also up. They've risen almost 34% so far this month and are on track for their best month on record.
Oil prices held near their highest levels since March on hopes fuel demand would see a quick recovery.
