LONDON (Reuters) – International shares rose on Thursday on hopes the COVID-19 pandemic was nearing a peak which governments would present more stimulus to support their economies, while expectations of a deal to cut oil production bolstered crude rates.
European stock markets gained for a 4th straight day, with investor attention also focused on a meeting of European Union financing ministers to discuss an economic rescue package.
The pan-European STOXX 600 index was up 1.7%, with damaged travel and leisure stocks, autos, and mining business leading early gains.
MSCI’s All-Country World Index, which tracks shares across 49 countries, was up 0.5%to its greatest because March12
U.S. stock futures were up 1?ter bouncing in and out of positive area in Asia.
In Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan was up 1.56%, following a strong Wall Street close.
Shares in China, where the unique coronavirus first emerged late last year, rose 0.42%. Australian shares were up 2.54%.
” Sentiment stays unstable, however financiers appear to be checking out the growing heading varieties of COVID-19 cases and focusing on signs that the spread of the pandemic is being brought under control, which in turn is underpinning expect a fairly swift relaxation of containment procedures,” stated Mark Haefele, chief financial investment officer at UBS Global Wealth Management.
Oil rates extended