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Global stocks rally on treatment hopes, currencies await ECB
Asian stocks rose to a fresh seven-week high on Thursday, lifted by encouraging early results from a COVID-19 treatment trial, though bonds and currencies held cautious ranges ahead of a European Central Bank meeting later in the day. The news rallied Wall Street on Wednesday and lifted MSCI's broadest index of Asia-Pacific shares, excluding Japan, by 0.8% to its highest since mid-March. Japan's Nikkei, returning from a holiday on Wednesday, jumped 2.5% to a seven-week high as well, catching up on the week's gains.
https://finance.yahoo.com/news/global-stocks-rally-treatment-hopes-030244529.html?.tsrc=rss
Asian stocks rose to a fresh seven-week high on Thursday, lifted by encouraging early results from a COVID-19 treatment trial, though bonds and currencies held cautious ranges ahead of a European Central Bank meeting later in the day. The news rallied Wall Street on Wednesday and lifted MSCI's broadest index of Asia-Pacific shares, excluding Japan, by 0.8% to its highest since mid-March. Japan's Nikkei, returning from a holiday on Wednesday, jumped 2.5% to a seven-week high as well, catching up on the week's gains.
https://finance.yahoo.com/news/global-stocks-rally-treatment-hopes-030244529.html?.tsrc=rss
