European shares closed higher, adding to their best gains in almost a month a day earlier. But the Nikkei overnight in Tokyo eased 0.5 per cent after posting its biggest daily gain in three months the prior day. — Reuters pic
New cases hit a record level in Oklahoma just days before President Donald Trump’s expected campaign rally in Tulsa. The Fed will use its “full range of tools” to cushion households and businesses, Powell told lawmakers, echoing remarks he made on Tuesday that were welcomed by investors. But after a 50-day rally in equities from March lows that was the sharpest on record, a period of several months where the market doesn’t do much can be expected, Arone said.
MSCI’s gauge of stocks across the globe gained 0.04 per cent, pulled lower as US stocks, which account for more than half the world benchmark’s performance, diverged. Chinese blue chips recovered from an early dip to finish steady despite Beijing’s worst resurgence in Covid-19 cases in four months.