World stocks hit a record high on Thursday, passing an unequaled pinnacle set in mid 2018, on investor enthusiasm the United States and China were close to an underlying arrangement to defuse a drawn out exchange war.
Shares moved sharply higher after U.S. President Donald Trump said in a tweet that the two countries were "getting VERY close to a BIG DEAL."
The MSCI all-nation world file (MIWD00000PUS), which tracks shares in 49 countries, moved to 551.84 points to surpass the previous record of 550.63 points set on Jan. 29, 2018.
The file has risen over 20% this year, helped as well by a bringing down of interest rates and injections of government stimulus around the globe.