A key index of global equity markets held near a record high on Thursday, supported by mergers and acquisitions, strong corporate earnings and investor optimism spurred by US President Donald Trump's plans for new public spending. The dollar rebounded from a seven-week low as investor demand improved with higher global bond yields and stable stock markets. MSCI's world index, which tracks shares in 46 countries, was little changed and just 2% off its record high hit in April 2015. The dollar gained against a basket of major currencies as the greenback played catch-up with the recent rally in stocks. The dollar index, which measures the greenback against a basket of six other major currencies, was up 0.67% to 100.7.

Source: dna January 28, 2017 03:03 UTC