Global rebound tempered by uptick in Covid-19 cases
European shares add to best gains in nearly a month and S&P 500 futures rise, with recovery hopes supported by jump in US retail sales
17 June 2020 - 11:39
London/Sydney — Europe’s shares added to their best gains in almost a month as safety plays lost their lustre on Wednesday, with hopes of a rapid economic recovery standing firm against a resurgence of global coronavirus cases.
Data showed that US retail sales bounced back sharply in May, but new infections have hit record highs in six US states and China cut has flights and closed schools to contain a fresh outbreak in Beijing...
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