European stocks rise on good corporate earnings despite US-China tension
US weekly jobless claims are due amid surging virus cases, but unprecedented stimulus measures provide a boost for battered economies
23 July 2020 - 11:19
London — European stocks rose on Thursday as better-than-expected corporate earnings offset worries about rising cases of Covid-19 and a sharp escalation in tensions between the US and China.
Shares rallied to their strongest levels since February this week — in many countries erasing their entire slump in March when the coronavirus pandemic sent markets into freefall — as investors bet that huge stimulus has carried economies through the worst of it...
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