MSCI's gauge of stocks across the globe shed 0.94% following broad declines in Asia and Europe. Many European markets wrapped up their best month ever, with France up 21% and Italy almost 26%. The Nikkei's 15% leap in Japan was its best month since 1994. On Wall Street, the Dow Jones Industrial Average fell 271.73 points, or 0.91%, to 29,638.64, the S&P 500 lost 16.72 points, or 0.46%, to 3,621.63 and the Nasdaq Composite dropped 7.11 points, or 0.06%, to 12,198.74.
NEW YORK: World stock markets dipped on Monday to close a record-breaking month as the prospect of a vaccine-driven economic recovery next year and further central bank stimulus measures eclipsed immediate concerns about the spiking coronavirus pandemic.
November's record 12.6% leap added approximately $6.7 trillion - or $155 million a minute - to the value of world equities.
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