NEW YORK (Reuters) – A jump in the rate of oil and the guarantee of more government stimulus to relieve the economic pain caused by the coronavirus pandemic assisted global equity markets rise on Wednesday, triggering investors to edge out of perceived safe-haven assets like U.S. Treasuries.
U.S. crude and Brent both rose more than 7?ter touching their lowest levels since 1999 on the prospects for additional production cuts to minimize the glut in the oil market.
MSCI’s gauge of stocks across the globe > got 1.76%following a broad rally in Europe and small losses in Asia.
On Wall Street, the Dow Jones Industrial Average rose 450.7 points, or 1.96%, to 23,46958, the S&P 500 gotten 62.14 points, or 2.27%, to 2,7987 and the Nasdaq Composite included 232.15 points,