Photo: Reuters
SYDNEY (Reuters) - World shares were set to seal a record-busting month on Monday as the prospect of a vaccine-driven global economic recovery next year and yet more free money from central banks eclipsed concerns about the pandemic in the near-term.
The rush to risk has also benefited oil and industrial commodities while undermining the safe-haven dollar and gold.
Many European bourses are boasting their best month ever with France up 21% and Italy almost 26%.
The MSCI measure of world stocks is up 13% for November so far, while the S&P 500 has climbed 11% to all-time peaks.
Early Monday, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1%, to be up more than 11% for the month in its best performance since late 2011.
Japan's Nikkei firmed 0.7%, bringing its gains for the month to 16.7% for the largest rise since 1990.
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