(Bloomberg) -- Among the world's 63 major stock indexes, 28 with a combined value of $28.5 trillion are in bull markets. Another 10 with $4.3 trillion are poised to join them.
Global shares are rebounding from the worst January plunge in seven years as oil prices recovered and the Federal Reserve slowed the path of interest-rate increases, adding to signals the world's major central banks remain dovish. That helped to ease investor concern over the drag on the world economy from China's weakest growth in a quarter century. The MSCI All-Country World Index has jumped 12% since its Feb. 11 low.
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