Global Stock Markets and MSCI World Equity Index

U.S. Federal Reserve: Equity allocations rebounded to 46.6 percent, the highest level since January, with the MSCI World equity index up almost 17 percent over the last three months, according to Euro News. The moves higher in global stock markets have been accompanied by a recovery in oil prices to over $48 a barrel, receding worries about the Chinese economy, and the U.S. Federal Reserve indicating it is in no hurry to tighten policy. However, an overwhelming majority of survey respondents who expressed a view – 94 percent – do not expect central banks to deploy ‘helicopter money’ this year, while saying that they seem to be running out of options to stimulate growth. We are still seeing the ‘Yellen Put’ as a support for global equity markets, said Peter Lowman, chief investment officer at UK wealth manager Investment Quorum. The survey of 58 fund managers and chief investment officers in the United States, Europe, Britain and Japan was conducted between April 15 and 28. He pointed out that Fed chair Janet Yellen had said on numerous occasions she is more concerned about outside forces than the state of the U.S. economic recovery. (news.financializer.com). As reported in the news.