European stocks rise, Asian stocks lag on US Fed’s commitment
- Date: 08-Apr-2021
- Source: Gulf Today
- Sector:Financial Markets
- Country:Gulf
European stocks rise, Asian stocks lag on US Fed’s commitment
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Gulf Today Report
European stocks jumped on Thursday on hope for a global economic recovery led by the stimulus after US Federal Reserve.
The pan-European STOXX 600 rose 0.5% by 07:20 GMT, adding to gains made earlier this week when the index erased all of its pandemic-driven losses.
Fed officials are committed to supporting the pandemic-hit economy until its recovery is more secure, according to minutes from a meeting.
Investors broadly looked past news that several European countries had announced restrictions on the use of the AstraZeneca COVID-19 vaccine in younger people after a link was found to very rare blood clots.
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