World stocks stay near all-time high after Fed signals

World stocks stayed within reach of an all-time high on Wednesday as investors welcomed comments from Federal Reserve Chair Janet Yellen suggesting that the U.S. central bank is in no rush raise interest rates. Following Wall Street's gains on Tuesday and more rises in Asia overnight, however, MSCI's 46-country world index was up 0.1 percent at 433.29 points and straining for the 434.24 all-time peak it scaled in September. Global stocks have been on a red-hot run as last year's slump in oil and energy prices added to the already massive stimulus provided by the world's major central banks via record low interest rates. Fed chief Yellen bolstered the view that there would be little change in that.

via Business News http://ift.tt/1Fqoc1r