World shares up on vaccine and US stimulus hopes
Data from China also boosted expectations of a recovery after Covid-19 with best of more relief from the US Fed
01 December 2020 - 13:03
Milan/Sydney — World shares edged up to just below record peaks on Tuesday after robust China data boosted expectations of a recovery from the Covid-19 downturn and as drugmakers seek fast approval for their vaccines and authorities look set to keep stimulus support.
Bets of more easing from the Fed in the US to help the pandemic-hit economy through the winter weighed on the dollar, as riskier currencies rose, while crude prices missed out on the bounce after oil cartel Opec and its allied producers, including Russia (Opec+) delayed a decision on output cuts...
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