Coronavirus treatment hopes lift global stocks – GulfToday
- Date: 25-Aug-2020
- Source: Gulf Today
- Sector:Financial Markets
- Country:Gulf
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