LONDON: World stock markets made a super-charged sprint towards an 11per cent weekly gain on Friday: their second best of all time: after President Donald Trump laid out plans to gradually reopen the coronavirus-hit U.S. economy following similar moves elsewhere.
The data from China had shown the world's second-largest economy shrank for the first time since at least 1992 because of the coronavirus woes. European countries have"no choice" but to set up a fund that"could issue common debt with a common guarantee", French President Emmanuel Macron told the Financial Times on Thursday. Failure to do so would lead to populists winning elections in Italy, Spain, and possibly France, he also warned.
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