Global stocks jump on Fed stimulus, hopes pandemic is slowing
Share:
NEW YORK (Reuters) - Global equity benchmarks gained on Thursday following signs that governments and central banks are taking additional steps to bolster their economies as measures to slow the spread of the COVID-19 pandemic appear to be working. Oil futures surged again on expectations that Russia and OPEC countries were prepared to cut production, though investors were hesitant to move out of the perceived safety of government bonds. MSCI's gauge of stocks across the globe gained 1.90%..