NEW YORK, United States (AFP) — Global stocks mostly rose yesterday as markets embraced better coronavirus case counts in some hot spots, while oil prices slumped amid scepticism over a historic agreement by petroleum producers.
Major US indices gained more than two per cent, the latest positive day for stocks since officials in New York and some other hot spots pointed to progress in cutting the number of new coronavirus cases.
Some countries, including Italy and Austria, have relaxed some lockdown measures as US officials begin to tackle the question of how to safely reopen the economy.
European bourses also gained, along with Asian stock markets, which gained after official data showed Chinese exports fell 6.6 per cent and imports slid 0.9 per cent in March on a yearly basis.
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