LONDON (May 6): Shares rose to near record highs on Thursday, underpinned by a better outlook from Europe's leading carmaker Volkswagen and increasing confidence in economic recovery in Germany and more widely. The STOXX index of 600 European companies was up 0.2% at 442.50 points, just below its record high of 443.61. The MSCI's broadest gauge of world stocks, ACWI, was up 0.18% at 700.98 points, about 10 points short of its record high set last month. Commodities shineCommodity prices drew strength from the prospects for economic recovery, with copper flirting with 10-year peaks. Dow hit a record high overnight, having risen 0.29%, while the S&P 500 added 0.07%.

Source: The Edge Markets May 06, 2021 08:48 UTC