LONDON (Reuters) - Global stocks held near record highs on Thursday, while the rally in European stocks paused, as recent vaccine progress, Joe Biden's U.S. presidential election win and hopes for further stimulus kept markets bullish.
World equities are having their best month on record in November, boosted by a slew of positive vaccine announcements and hopes that Biden's administration will deliver more economic stimulus and political stability.
The MSCI world equity index, which tracks shares in 49 countries, rose to a record high on Wednesday and held close to it on Thursday, up 0.1% on the day at 1142 GMT, as markets shrugged off the latest rise in U.S. jobless claims.
Europe's STOXX 600, which is also having its best month on record, up 14.4% in November, was down 0.1% on the day.
Markets also took a boost from minutes from the U.S. Federal Reserve's Nov 4-5 meeting, which showed that officials discussed how the central bank's asset purchases could be adjusted to provide additional support to the economy.
The minutes said policymakers may give new guidance about its bond-buying "fairly soon".
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