Global stocks rose again yesterday, capping their longest winning streak since the start of the financial crisis, as news from Japan and India raised hopes that the global recession might be nearing an end.
One leading global equity indicator, the FTSE All World index, hit its highest levels of the year yesterday as shares saw their third month of consecutive gains for the first time since August 2007.
Commodity prices, an important gauge of economic revival, also saw strong gains, with oil prices going above $66 a barrel in their biggest monthly jump in 10 years.
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