NEW YORK (Reuters) – World stock markets hit their highest levels since March and oil prices jumped on Tuesday as signs of a global economic recovery from the coronavirus pandemic offset concerns over the worst civil unrest in the United States in decades.
FILE PHOTO – The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 5, 2020. REUTERS/Staff
Despite those gains, investors were hesitant to move away from the perceived safety of government bonds, which edged lower but remained near record highs.
“In a way, it is remarkable that the market remains in this positive mood,” said Elwin de Groot, head of macro strategy at Rabobank. “Even with these rising protests in the U.S. and the situation in Hong Kong at the moment, the market is pushing on and seeing room for optimism.”
MSCI’s gauge of stocks across the globe gained 0.72% following br