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Bloomberg 27/ 8/ 14 'Rallies from Brazil to Japan and the Standard & Poor’s 500 Index’s first trip above 2,000 sent the value of global equities to a record $66 trillion. Shares worldwide added more than $2.2 trillion in value since Aug. 7, according to data compiled by Bloomberg. Optimism that central banks will support economic growth sent the MSCI All-Country World Index up 3.8 percent from its low this month. It was little changed at 9:40 a.m. in New York today. The S&P 500 has risen for 10 of the last 13 days and the Nasdaq Composite Index is about 10 percent from an all-time high. Global markets are surmounting crises in Ukraine, the Gaza Strip and Iraq as investors renew bets that stimulus will revive growth. The Stoxx Europe 600 Index posted its biggest two-day gain since April after European Central Bank President Mario Draghi signaled policy makers may consider introducing an asset-buying plan. Japan’s Topix index is near its highest level since January, rebounding from losses earlier this year. “Geopolitical events are significant and major new attacks are tragic, but they’re not enough to unsettle the global economic forces in play, especially in America,” said Patrick Spencer, head of U.S. equity sales at Robert W. Baird & Co. in London. “Draghi gave clear indication that he’s standing ready with further measures to stimulate growth and that’s helping overall sentiment. The S&P 500 has climbed 0.6 percent over the past two days, closing at 2,000.02 yesterday, after data added to signs the economy is strengthening. U.S. durable-goods orders jumped by the most on record last month and consumer confidence climbed in August to the highest level in almost seven years.' Bloomberg 30/6/14 'Federal Reserve officials, concerned that selling bonds from their $4.3 trillion portfolio could crush the U.S. recovery, are preparing to keep their balance sheet close to record levels for years. Central bankers are stepping back from a three-year-old strategy for an exit from the unprecedented easing they deployed to battle the worst recession since the Great Depression. Minutes of their last meeting in April made no mention of asset sales.' It's a relief that they haven't made the mistake of measuring economic success in terms of household incomes, participation rates and debt.