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World indexes finish vintage year, more gains seen in 2014
U.S. stocks were set to close 2013 at record levels, with world equity markets close to six-year peaks on Tuesday, while benchmark bond yields were poised for their first annual rise since 2009 in anticipation of stronger global growth in 2014. Ultra-easy monetary policies and an improving economic outlook led to a stellar year for stocks. Equity strategists see the gains continuing into 2014 as economic growth improves even as the Federal Reserve steadily trims its bond-buying stimulus. "Things still look pretty solid at the end of 2013, 2014 will be a better year with less fiscal drag," said Gus Faucher, senior ... (full story)