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World shares hit highest since July 2011
January 2, 2013 / 3:37 PM / in 5 years

World shares hit highest since July 2011

LONDON, Jan 2(Reuters) - World shares hit their highest
level since July 2011 on Wednesday after U.S. markets jumped
sharply in response to the deal to prevent a fiscal crunch from
sending the giant economy back into recession.
    MSCI's global share index rose to 346.57
points shortly after Wall Street opened, a peak not seen since
July 8, 2011 after which a resurgence in the euro zone debt
crisis sparked a sharp sell-off in global equity markets. 
    Wednesday's gains come after the MSCI global index added
13.5 percent in 2012 - its best year since 2009.

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