LONDON (Reuters) - World stocks hit a more than 4-month high on Tuesday as investors continued to recover from their summer concerns about a slowing global economy.
MSCI's all-country world stock index <.MIWD00000PUS> hit a session high of 298.50, the highest level since May 5.
It put the index some 8.5 percent higher than its August low, but still left it down around 0.4 percent for 2010.
Investors have been encouraged to move back into riskier assets recently by signs that China's economy is still able to drive world trade and easing concerns about the stability of the world financial system.
The VIX volatility index <.VIX>, seen by many as a sentiment indicator for equities, has been falling almost steadily since May, a sign of renewed confidence.
