Global stock markets extend gain on quick economic revival hopes – Gulf Today

Global stock markets extend gain on quick economic revival hopes – Gulf Today

World stocks inched higher on Monday, adding to a 42% surge from their March lows, as a surprise jump in last week's US employment data fuelled hopes of a quicker global economic recovery from the coronavirus pandemic.. Wall Street's fear gauge remained solidly pinned below 30 points on encouraging economic data and central bank stimulus.. "We are beginning to see evidence of economic data improving gradually and thankfully no major secondary spikes in infections.. Hopes of a quick recovery in the US could be quashed by mounting wave of protests demanding police reform after the killing of a black man in Minneapolis.. YIELD CURVE CONTROL The US jobs data pushed the 10-year Treasury yield as high as 0.959% on Friday, a level not seen since mid-March.. Speculators also cut their bullish positions in COMEX gold in the week to June 2..