GLOBAL MARKETS-Global stocks inch to record high; dollar weakens

* MSCI World edges up 0.1%, gains for 7th day in a row
* Oil reaches 13-month high,
* Dollar falls, gold up on stimulus; bitcoin hits new high

By Simon Jessop and Alun John
LONDON, Feb 9 (Reuters) - Global stocks rose for the seventh
straight day to reach a record high on Tuesday, while bitcoin
also reached a peak after an endorsement from Tesla Inc TSLA.O
in the prior session had sent the cryptocurrency up 20%.
Robust corporate earnings, monetary and fiscal support from
policymakers and prospects that pandemic vaccines could hasten a
return to normal in the United States and other countries have
all bolstered risk sentiment in recent days.
A record high close for Wall Street overnight gave Asian
stocks the confidence to push on further, with MSCI's broadest
index of Asia-Pacific shares outside Japan .MIAPJ0000PUS up
0.3%, led by Chinese blue chips .CSI300 , up 2.2%.
That helped The MSCI All-Country World Index .MIWD00000PUS
edge up 0.1% to its own record high, although early moves in
Europe's top indexes suggested further gains may be tougher to
find, with Britain's FTSE 100 .FTSE flat on the day.
Futures for the S&P 500 were equally undecided, suggesting a
quiet start to the U.S. trading day.
"Reflation on the back of U.S. fiscal stimulus and positive
vaccine news remains the major theme for markets," strategists
at National Australia Bank wrote.
In keeping with the risk-on sentiment, oil also hit 13-month
highs, helped by rising optimism about a return in fuel demand,
with Brent crude up 0.8%.
"There is a sense that the glut of oil supply is
disappearing more rapidly than anybody thought possible," said
Phil Flynn, senior analyst at Price Futures Group in Chicago.
"There seems to be a paradigm shift in the market."
Despite that, concern remains over the pace of vaccination,
the efficacy of the vaccines against new strains of the COVID-19
virus and the damage being done to economies, including the
impact on the dollar of a planned $1.9 trillion stimulus
package.
That suite of negativity helped weigh further on the dollar
. Against a basket of other currencies, it was down 0.2% in
early deals - bolstering gold, a traditional safe haven against
rising inflation, which rose 0.5%.
In more volatile cryptocurrency markets, bitcoin BTC=BTSP
pushed on from the prior day's 20% rally to hit a high of
$48,216.09, before edging off its highs to trade around $47,000.
Still underpinning the gains was a surprise announcement
from Tesla Inc TSLA.O on Monday that it had invested around
$1.5 billion in the virtual currency and expects to accept it as
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Global assets http://tmsnrt.rs/2jvdmXl
Global currencies vs. dollar http://tmsnrt.rs/2egbfVh
Emerging markets http://tmsnrt.rs/2ihRugV
MSCI All Country World Index Market Cap http://tmsnrt.rs/2EmTD6j
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