By Adria Cimino
Sept. 22 (Bloomberg) -- European and Asian stocks rose, resuming a six-month rally for the MSCI World Index, amid signs government stimulus measures are helping the global economy to recover. U.S. futures advanced.
Samsung Electronics Co. and STMicroelectronics NV surged more than 3 percent as chip prices climbed to the highest level in more than a year. Carnival Corp. gained 3.6 percent in London after Bank of America Corp. recommended shares of the world’s biggest cruise-line operator. BHP Billiton Ltd. led mining companies higher as commodities advanced.
The MSCI World added 0.9 percent at 1:49 p.m. in London. The index has soared 66 percent since March 9 as results at companies from HSBC Holdings Plc to GlaxoSmithKline Plc surpassed projections and the German and French economies unexpectedly exited recessions. The gauge is valued at more than 27 times the reported earnings of its companies, the highest level since 2003, weekly data compiled by Bloomberg show.
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