World stocks break 500 barrier, oil camps at two-and-a-half year high.

FILE PHOTO: An investor looks at an electronic screen at
a brokerage house in Hangzhou, Zhejiang province,
January 26, 2016. REUTERS/China Daily

LONDON (Reuters) - The global rally in stocks showed no sign of slowing on Tuesday, as upbeat investors pushed the most widely-tracked index of world stocks up for a ninth straight day and sailing past the 500 point barrier.

The latest leg of the run came as Japan's Nikkei hit its best level since 1992 [.T], Germany's DAX scored a record high and the rest of Europe gained <.STOXX> as a 2-1/2 year high in oil prices lifted resources stocks again. <.SXPP>.

All three of Wall Street's major indexes had closed at record peaks overnight too and the now 500-point MSCI 47-country 'All World' index <.MIWD00000PUS>, was up 0.2 percent having soared almost 20 percent this year.

"You've had almost a perfect backdrop for equities," said Pictet Asset Management's global strategist Luca Paolini.

By Marc Jones.

Full story at Yahoo News.