Global shares rallied on Friday as investors cheered signs of improving Sino-American relations and looked towards more governments gradually reopening their economies.
FILE PHOTO: A general view shows the German share prize index DAX board during afternoon trading as markets react on the coronavirus disease at the stock exchange in Frankfurt, Germany, March 16, 2020. REUTERS/Kai Pfaffenbach
Asian markets, which had opened higher following gains on Wall Street, were lifted by news of a phone call between U.S. and China trade representatives. Improving sentiment also put European futures comfortably in the black, with the pan-European Stoxx 600 up 0.6% at 339.86 points, Germany’s DAX up 0.75% at 10,840 and France’s CAC 40 0.6% higher at 4,526.The MSCI world equity index, which tracks shares in 49 countries, was half a percent higher, while MSCI’s main European Index was up 0.64%.
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