Global stocks gain on promise of European rebound
European corporate earnings offset worries over surging Covid-19 cases in parts of Asia
21 April 2021 - 11:28
London — Global stocks gained on Wednesday as early indications of a rebound in European corporate earnings offset concerns over rising Covid-19 infections in Asia that have dampened oil prices.
The Stoxx index of 600 European shares was up 0.7% at 436.76 points. Analysts said a 1.9% fall on Tuesday, its worst session this year, was overdone and the benchmark remains near its record high of 443.61 points hit on Monday...
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