1. World equities market cap tops $50 trillion for first time ever riding on global shares rally

World equities market cap tops $50 trillion for first time ever riding on global shares rally

As the stock markets rally around the world, earlier this week, the market capitalisation of listed companies across the globe, as tracked by a benchmark index of equity-market performance throughout the world, rose past $50 trillion for the first time ever.

By: | Published: April 27, 2017 1:03 PM
Equities markets are on on roll across the world, tracking encouraging trends from presidential election in France, strong corporate earnings release in the US, President Donald Trump’s proposed tax reform plan, waning concerns on geopolitical stress from North Korea, and prospects of strong corporate performance and stable government in India. (Image: Reuters)

As the stock markets rally around the world, earlier this week, the market capitalisation of listed companies across the globe, as tracked by a benchmark index of equity-market performance throughout the world, rose past $50 trillion for the first time ever.

The market capitalisation of the constituents on the MSCI All Country World Index, an index covering more than 2,400 large and mid-cap securities in 46 developed and emerging markets, breached $50 trillion on Tuesday, April 25, Bloomberg TV news anchor David Ingles said in tweet.

Equities markets are on on roll across the world, tracking encouraging trends from presidential election in France, strong corporate earnings release in the US, President Donald Trump’s proposed tax reform plan, waning concerns on geopolitical stress from North Korea, and prospects of strong corporate performance and stable government in India.

Earlier yesterday, ahead of Donald Trump’s tax reform plan, the benchmark index Dow Jones Industrial Average breached the 21,000-mark to nearly hit its previous all-time high on the back of strong earnings and potential tax cuts. Another key index, the Nasdaq Composite Index, too had soared this week, breaching 6,000 for the first time ever on Tuesday. However, the US stocks later pared gains after the unveiling of the actual tax plan.

Back home in India, the benchmark BSE Sensex breached 30,000-mark yesterday to make a new all-time high, with the broader NSE Nifty crossing the 9,350-mark for the first ever, continuing the rally since March when the Prime Minister Narendra Modi-led BJP swept to power in the crucial state of Uttar Pradesh in a landslide election win.

The MSCI All Country World Index, which incorporates stocks from 23 developed markets and 23 emerging countries, and serves as a benchmark for stocks’ performance across the globe.

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Previously, the World Bank data showed that the combined market capitalisation of all listed domestic companies, in US dollar terms, was at $64.82 trillion at the end of the year 2016. The World Bank data is sourced from World Federation of Exchanges database. Companies in India had a combined market cap of $1.57 trillion at the end of the year, behind Germany’s $1.72 trillion, France’s $2.16 trillion and China’s $7.32 trillion, the data shows. Companies in the US markets alone accounted for over 42% of the total, with a combined market cap of $27.35 trillion.

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