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The MSCI Barra World Stock Market Index reached a fresh 10-month high today of 1,080.57 points, closing at the highest level since October 6, 2008 (see chart above). From its early March low, the World Stock Market Index has increased 57%. Leading the world stock market rally are the emerging markets, which are up by 78% since early March.

Source: MSCI World Stock Index Reaches New 10 Month High