Europe, AI drive global stock rally as Trump tariff fears ebb
TOKYO -- Global stocks are approaching all-time highs, fueled by investors encouraged by signs that U.S. President Donald Trump's tariff campaign is hitting its limits.
The benchmark MSCI All Countries World Index, using local currencies and excluding dividends, rose to 1,060.787 on Wednesday -- nearly 2% below the record high marked on Feb. 18. The dollar-denominated version of the ACWI hit a record high on Wednesday, aided by the greenback's weakness against a range of other currencies.
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