World stocks gain on better-than-expected China data

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Some countries are also slowly lifting restrictions in place to curb the Covid-19 pandemic

London — World stocks gained on Tuesday after Chinese trade data came in better than expected and some countries tried to restart their economy by partly lifting restrictions aimed at containing the coronavirus outbreak.

Spanish shares gained 1.5% as some businesses re-opened, though shops, bars and public spaces were set to stay closed until at least April 26. The gains in Europe took MSCI’s all-country world index, which tracks shares across 49 countries, up 0.5%. In Europe, thousands of shops across Austria are set to re-open on Tuesday. Spain recorded its smallest proportional daily rise in the number of deaths and new infections since early March and let some businesses return to work on Monday.

 

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