Bitcoin surged to a record high
of more than $6,000 on Friday, pushing its market capitalization
to $100 billion at one point, as investors continued to bet on
an asset that has a limited supply and has paved the way for a
whole slew of crypto-currencies.
World stocks have gained for
sixth straight quarters to chalk up their best run since 1997,
while a 20 percent rebound in oil has turned around one of its
worst starts to a year on record.
A widely-tracked index of global
stocks, MSCI's All-Country World Index, hit a
new record high in European trading on Monday.
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The global crude surplus that
caused a price rout has largely been absorbed, resulting in
higher crude prices, Gary Ross, founder of PIRA Energy and head
of Global Oil Analytics for S&P Global Platts, said on Thursday.
The New Zealand dollar fell in
early Asian trading on Monday after no single party won a
majority in an election over the weekend, leaving investors
facing a period of political uncertainty.
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If the world becoming less economically
integrated, someone is going to have to explain why growth
around the world is so remarkably consistent and tightly
Having enjoyed a blisteringly
hot summer quarter, emerging markets are heading for one of
their best years on record - as long as the dollar and global
borrowing costs do not rise much further before the end of 2017.
Bitcoin bounced by more than 20
percent in the space of just four hours on Friday, having
skidded below $3,000 earlier as Chinese authorities ordered
Beijing-based cryptocurrency exchanges to stop trading.
The last week has seen the
biggest inflow into U.S. government debt funds since last year's
turbulent Brexit vote and the 25th straight week of moves into
bonds globally, analysis of trading data by Bank of America
Merrill Lynch showed.
Global bonds attracted bumper
inflows of $8.1 billion Bank of America Merrill Lynch (BAML)
data showed on Friday, in a week when North Korean tensions
escalated, and U.S. President Donald Trump's threat to shut down
the government hurt U.S. stocks.