World stocks rally on promising Chinese factory data
There are some signs Covid-19 infection rates are slowing but many investors are cautious about the recent rally amid worldwide lockdowns
London — World stocks looked set to close their worst quarter since 2008 on a brighter note on Tuesday, as strong Chinese factory data held out hope for an economic revival even as much of the rest of the world shut down to fight the coronavirus.
Stocks have rallied since the start of last week but remain down more than 20% for the quarter. European shares have had an even worst time, suffering their worst three months since 1987. But with trillions wiped off global markets in March and policymakers responding with more than $10-trillion (and counting) of fiscal and monetary stimulus packages, a semblance of calm has returned this week...
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