Vaccine hope sends world shares to record highs
Equities rise for the 11th consecutive day on support from new fiscal aid from Washington, while Middle East tension drives oil to a 13-month high
15 February 2021 - 11:45
London/Sydney — Global shares rose for the 11th consecutive day to hit a new peak on optimism about the rollout of Covid-19 vaccines and new fiscal aid from Washington, while tension in the Middle East drove oil to a 13-month high.
As more people are vaccinated across key markets such as the US, and with US President Joe Biden looking to pump an extra $1.9-trillion in stimulus into the economy, the so-called “reflation trade” has gathered steam in recent days...
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