Global stocks and oil prices rise amid stimulus and vaccine optimism – business live

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Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Stock markets have been rising this week and European markets are poised to open higher again, amid optimism about the US stimulus package, the roll-out of covid-19 vaccines, positive company results and oil prices near a one-year high. In Asia, the Nikkei closed 1% higher while the Australian market rose 0.9%.

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