Stocks set record highs as bond yields slide
European shares, the S&P 500 and an index of global stock performance scaled new peaks while yields on U.S., Japanese and European government debt fell on Friday as investors embraced the easy monetary policies of major central banks.
Investor sentiment rose in Europe after the European Central Bank raised its growth and inflation projections on Thursday, and also renewed a pledge to keep stimulus flowing. read more
The pan-regional STOXX Europe 600 index (.STOXX) rose 0.7% to a record close, posting its sixth straight session of gains and best weekly performance at 1.1% since early May.
The MSCI all-country world equity index (.MIWD00000PUS), a benchmark that tracks shares in 50 countries, set a new intraday high and record close at 719.52, up 0.2% in a late-day surge that also lifted the S&P 500 to an all-time close.
Stocks on Wall Street seesawed most of the session near breakeven…