A string of positive indicators from China to the US in recent weeks — as well hopes for a vaccine and the easing of lockdowns around the world — has added fuel to a global rally that has lifted equities out of the March depths.
While several countries are suffering a fresh surge in infections — particularly the United States — the ongoing easing of lockdown measures and reopening of economies has been the key driver of a months-long surge across equities.
The new coronavirus epidemic poses a “serious threat” and will slow growth in the world economy to below the 2.9 per cent posted last year, IMF chief Kristalina Georgieva said on Wednesday.
World shares slipped off 21-month highs on Wednesday as the prospect of a US interest rate cut was offset by reports a Sino-US trade deal may be delayed,
Europe's STOXX 600 rose in early trading, up 0.1% at 0843 GMT, Germany's DAX was up 0.4%, but London's FTSE 100 was down 0.7%.
Feel the warmth and magic of the winter festive season at these markets brimming with trinkets, toys and the lingering aroma of Christmassy delicacies.
The euro retreated from near two-month highs and equity markets wavered on Wednesday even as the EU unveiled a 750b euro ($823 billion) recovery fund that helped offset concerns about unrest in Hong Kong over Beijing’s proposed security laws.
Global shares rallied on Friday, hitting weekly highs, on signs of improving Sino-American relations and the prospect of more governments gradually reopening their economies.
Taiwan shut down its financial markets and ordered schools closed on Monday as a typhoon approached its northeastern coast, while airlines cancelled more than 150 flights amid