LONDON, Dec 12 (Reuters) – World stocks hit a record high on Thursday, passing an all-time peak set in early 2018, on investor enthusiasm the United States and China were close to an initial deal to defuse a prolonged trade war.

Shares moved sharply higher after U.S. President Donald Trump said in a tweet that the two countries were getting VERY close to a BIG DEAL.

The MSCI all-country world index, which tracks shares in 49 countries, climbed to 551.84 points to surpass the previous record of 550.63 points set on Jan. 29, 2018.

The index has risen more than 20% this year, helped as well by a lowering of interest rates and injections of government stimulus around the world.

(Reporting by Marc Jones Editing by Chizu Nomiyama)

Ferrara Candy descendant opens Colorado candy dream house

China commerce ministry says it has proactively dealt with U.S. trade frictions

Her grandfathers recipe is the secret sauce to this booming small business

I threw a coffee table — witness fought rabbi house attacker

iRestore Hair Growth System Debuts New Hair Growth Serum for Fuller, Healthier Hair

Suspect in court after five stabbed at New York rabbis home

New York doctor sues Apple over irregular heartbeat detection

Box Office: Little Women, Uncut Gems Start Strong as Rise of Skywalker Remains Victorious

Borussia Dortmund sign teen striking prodigy Haaland

Guinea-Bissau votes in presidential runoff to end turmoil

SIM Only vs Fixed Contract: Which Is The Best Mobile Plan For Me?

Legal marijuana sales may spark Midwest interstate tension

Candle light and doughnuts: Israelis celebrate Hanukkah

Facebooks Libra has failed in current form: Swiss president

French government, unions exchange barbs in strike deadlock

A new kind of sextortion scam is on the rise

White House warns N. Korea over Christmas gift threat

Yogurt Market 2019-2023 Evolving Opportunities With Chobani and Danone Technavio

California takes lead on laws affecting gig economy, privacy

HSBC Advance Review: The bank account that grows with you

Ukraine rivals exchange 200 prisoners in controversial swap

Heres Why Overpaying For Your A Home As An Investment Is A Terrible Idea

U.S. promises action on any North Korea missile test: White House

Snapchats Bitmoji TV series will make your avatar the star

Black Friday 2019 Live Updates: Online sales up 19.2% from a year ago

A Comprehensive Guide To Starting Salaries for Fresh Graduates In Singapore

A new kind of sextortion scam is on the rise

White House warns N. Korea over Christmas gift threat

Yogurt Market 2019-2023 Evolving Opportunities With Chobani and Danone Technavio

California takes lead on laws affecting gig economy, privacy

HSBC Advance Review: The bank account that grows with you

Ukraine rivals exchange 200 prisoners in controversial swap

Heres Why Overpaying For Your A Home As An Investment Is A Terrible Idea

U.S. promises action on any North Korea missile test: White House

Snapchats Bitmoji TV series will make your avatar the star

Black Friday 2019 Live Updates: Online sales up 19.2% from a year ago

A Comprehensive Guide To Starting Salaries for Fresh Graduates In Singapore