World stocks steady at near three-month highs on ECB stimulus
With investors tentatively in risk-on mode on hopes of a global rebound, with emerging-market stocks up 0.6% on the day
05 June 2020 - 12:44
London/Sydney — World stocks have held their ground near three-month highs as the euro hit its highest level since March 10, thanks to Europe’s stimulus boost, fueling hopes for a global rebound.
Investors are pricing in an economic recovery despite data showing the severe damage wrought by coronavirus lockdowns. Later in the day, US non-farm payrolls figures are expected to show further deterioration in the country’s jobs market...
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