Global stocks have rebounded sharply in recent weeks as both Asia and Europe’s big economies have been able to stem coronavirus outbreaks
London — Europe’s share markets, bond yields and the euro all edged higher on Tuesday, as mildly reassuring signals from China’s economy helped limit worries about a potential second wave of coronavirus infections.
“We have had a rally that has not been loved by everybody,” said SEB investment management’s global head of asset allocation Hans Peterson. MSCI’s broadest index of Asia Pacific shares outside Japan had ended down 0.8%, snapping two straight sessions of gains. That had kept the dollar firm in Asia, but the euro gradually regained ground in European trading, leaving it up 0.1% at $1.0819. The yen recovered an overnight loss of about 1% to sit at ¥107.55 per dollar though the Australian dollar stayed subdued.
US West Texas Intermediate crude futures were up 0.91%, or 23c, at $24.37 after touching a high of $24.77.
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