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Global equities reach record US$66 trillion as S&P 500 hits 2,000

[LONDON] Rallies from Brazil to Japan and the Standard & Poor's 500 Index's first trip above 2,000 have sent the value of global equities to a record US$66 trillion.

Shares worldwide added more than US$2.2 trillion in value since Aug 7, according to data compiled by Bloomberg. Optimism that central banks will support economic growth sent the MSCI All-Country World Index up 3.8 per cent from its low this month. The S&P 500 has risen for 10 of the last 13 days and the Nasdaq Composite Index is about 10 per cent from an all-time high.

Global markets are surmounting crises in Ukraine, the Gaza Strip and Iraq as investors renew bets that stimulus will revive growth. The Stoxx Europe 600 Index posted...

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