World stocks head for 6th week of gains

Reuters – World stocks steadied on Friday but were still on track for a sixth consecutive week of gains, while the euro fell on worries about the region’s prospects.

MSCI‘s main world stock index was flat despite modest gains in Europe and a rebound in Japan. But the index was up 1.6 percent on the week, gaining around 28 percent since a March 9 low.

U.S. financial services firm State Street said evidence was building that big investors were buying into the rally, particularly in U.S. and emerging market stocks.

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