Tecass17 Mar 2019 06:58
Why stock markets across the globe are rallying at the same time?Simple. Major global markets are enjoying a boomlet in the first three months of 2019, underpinned at least in part by central banks of developed countries that have expressed reluctance to unwind easy-money monetary policies that have become a feature of global economies in the aftermath of the 2008-2009 financial crisis.Indeed, the Stoxx Europe 600 SXXP, +0.68% has risen 12.9% so far this year, Brazil’s main equity gauge, the BOVESPA Index BVSP, +0.54% has climbed 12.8% in 2019, while a broader measure of the performance of emerging-market stocks, the iShares MSCI Emerging Markets EEM, +1.46% has advanced by 10.3% (See chart below, featuring the performance of the key equity benchmarks over the past 12 months against moves in the U.S. dollar).