The MSCI World Stock Market Index reached an 18-month high today of 1,212.14, the highest closing index level since late September 2008. Compared to a year ago, world stock markets have risen by more than 48%.Related story:
(Reuters) - "Factories in the United States, Europe and Asia cranked up production last month, suggesting recovery from a deep recession was taking root in economies around the globe. The U.S. manufacturing sector grew at its fastest pace in more than five years last month and activity in Europe bounced higher, with a cheaper euro helping stimulate exports. UK manufacturing expanded at its fastest pace since 1994, while China's vast industrial sector also grew in March."
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