Stocks near highs on recovery bets as oil extends rally above $70 – Reuters

Stocks near highs on recovery bets as oil extends rally above $70 – Reuters

LONDON (Reuters) - Stock markets hovered near record highs on Wednesday as investors cheered the latest evidence of a sustained rebound in global economies and as stronger oil prices lifted energy stocks.

FILE PHOTO: Bull and bear symbols are seen in front of the German stock exchange (Deutsche Boerse) in Frankfurt, Germany, February 12, 2019. REUTERS/Kai Pfaffenbach/File Photo

The mood was less buoyant than on Tuesday, however, as traders waited for crucial U.S. jobs data on Friday to assess what the increasing evidence of a faster-than-expected economic recovery would mean for central bank policy in the United States and Europe.