Coronavirus treatment hopes lift global stocks – GulfToday

Coronavirus treatment hopes lift global stocks – GulfToday

Coronavirus treatment hopes lift global stocks

3 hours ago

The photo has been used for illustrative purposes.

Equity markets gained for a second straight session on Monday as hopes for a coronavirus treatment boosted risk assets and markets geared up for the US Federal Reserve's annual Jackson Hole meeting later in the week.

Europe's pan-regional STOXX 600 rose 1.3% and the global benchmark added 0.4% after US regulators authorised the use of blood plasma from recovered patients as a treatment option.

The rises follow healthy gains in Asia, where MSCI's broadest index of Asia-Pacific shares ex-Japan jumped 0.8% to flirt with a six-month high touched last week and Japan's Nikkei added 0.3%.

US futures indicated gains on Wall Street ahead, raising the prospect of record highs for the S&P 500.

Markets latched onto an announcement from the