Global stocks rally as Buffett boosts Apple, oil eyes $50
World shares rose on Tuesday as technology giant Apple Inc's biggest rise in over two months and oil's march higher to within sight of $50 a barrel boosted investor demand for riskier assets at the expense of safe-haven bonds.
The major European stock markets rose around 1 percent in early trading, following similar gains in Asia after Wall Street also chalked up a 1 percent rise on Monday.
MSCI's index of global shares rose 0.4 percent .MIWD00000PUS, putting it on track for its second consecutive rise, something it has not managed in a month.
Investors will be looking to see how long the rally is sustained for and whether Brent crude oil futures, at their highest level in almost six months, can break above $50 for the first time since Nov. 4.
"The strong finish for U.S. markets has seen a similarly positive European open today," said Michael Hewson, chief market analyst at CMC Markets, adding that investors would also look to UK and U.S. inflation data later on Tuesday for direction.
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http://www.reuters.com/article/us-global-markets-idUSKCN0Y8017
