NEW YORK: Equities rallied on Tuesday as investors cheered a further easing of lockdowns in some countries, which offset gloomy near-term conditions in the wake of coronavirus shutdowns.
But Fawad Razaqzada, market analyst with ThinkMarkets, cautioned that while a gradual return to economic activity would bring optimism, the long-term view was still grim. With oil posting double-digit percentage gains, British energy giant BP rose six per cent in its slipstream to 318.90 pence while Royal Dutch Shell B shares added 5.06 per cent to close at 1,283.40 pence."Even if the full return to normal life is not yet on the cards, the recent moves at least give many the sense that we are on the right path," Hughes said.
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