GLOBAL MARKETS-Stocks extend record highs, oil rises to highest in more than a yr

* U.S. stocks up early; MSCI all-country world index hits
record
* Brent crosses $60 a barrel
* Hopes of $1.9 trln U.S. stimulus, vaccines, boost
sentiment

(Updates with early U.S. markets activity; changes byline,
dateline, previous LONDON)
By Caroline Valetkevitch
NEW YORK, Feb 8 (Reuters) - A gauge of global stock markets
set another record high on Monday and oil prices rose to their
highest in just over a year as investor optimism grew that U.S.
lawmakers will soon pass a $1.9 trillion COVID-19 aid package.
Investors were keeping an eye on bitcoin BTC=BTSP as it
rose again, with Elon Musk promising Tesla Inc TSLA.O would
soon take payment for its electric vehicles in the currency and
revealing it had already bought $1.5 billion worth of it.
Benchmark U.S. Treasury yields surged to 11-month highs as
the U.S. fiscal stimulus was seen boosting economic growth and
raising inflation more quickly than expected, and before the
Treasury Department sells new longer-dated debt. Major U.S. stock indexes hit record highs in early New York
trading, extending a recent streak of gains.
Comments on Sunday by U.S. Treasury Secretary Janet Yellen,
who said that if Congress approves the $1.9 trillion plan, the
country would get back to full employment next year, added to
the optimism.
Congress on Friday approved a budget plan that would allow a
coronavirus relief bill to muscle through in the coming weeks
without Republican support.
"We now have a situation where the Democrats do not need
Republican approval in order to move ahead with the full $1.9
trillion stimulus package," said Thomas Hayes, managing member
at Great Hill Capital LLC in New York.
Stocks gained even after news that South Africa had halted
the rollout of AstraZeneca (NASDAQ:AZN)'s vaccine after a study showed it
gave only limited protection against the country's more
contagious variant of the coronavirus.
The Dow Jones Industrial Average .DJI rose 131.57 points,
or 0.42%, to 31,279.81, the S&P 500 .SPX gained 10.62 points,
or 0.27%, to 3,897.45 and the Nasdaq Composite .IXIC added
49.03 points, or 0.35%, to 13,905.32.
The pan-European STOXX 600 index .STOXX rose 0.42% and
MSCI's gauge of stocks across the globe .MIWD00000PUS gained
0.47%. The MSCI index hit its ninth record high of 2021
overnight.
Brent oil surpassed $60 a barrel. Brent LCOc1 was up 68
cents, or 1.2%, at $60.02, while U.S. West Texas Intermediate
CLc1 rose 68 cents, or 1.2%, to $57.53. The dollar was flat to slightly lower in choppy trading,
holding its ground against a basket of major currencies as
investors continued to price in a faster U.S. recovery than in
most countries. The dollar index =USD rose 0.057%, with the euro EUR=
down 0.03% to $1.2038.
Benchmark 10-year Treasury notes US10YT=RR last rose 5/32
in price to yield 1.155%, from 1.17% late on Friday.

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Asia stock markets https://tmsnrt.rs/2zpUAr4
Asia-Pacific valuations https://tmsnrt.rs/2Dr2BQA
World stocks and oil vs COVID https://tmsnrt.rs/2LAzJdC
Global asset performance http://tmsnrt.rs/2yaDPgn
World FX rates in 2021 http://tmsnrt.rs/2egbfVh
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