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Global Stocks Survive as Best Major Asset Class of Year
Euro also fared well on central bank bets
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Global stocks enter the second half of the year ahead of all major asset classes, with the MSCI All-Country World Index wrapping up its best first half in 19 years. Coming in a close second: the euro, which has climbed on bets the European Central Bank is preparing to unwind stimulus. Oil, meanwhile, entered its first bear market since August amid an oversupply of crude.