Global stocks struggle with muddled government pandemic responses | Malay Mail

📆 2020/04/25 22:27:00
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NEW YORK, April 25 ― Global equity benchmarks struggled yesterday as some US states began reopening businesses despite the disapproval of health experts, and as the European Union put off addressing details of its new economic rescue plan. Safe-haven government bonds edged up while the dollar...

Saturday, 25 Apr 2020 08:27 AM MYT

Safe-haven government bonds edged up while the dollar slipped, reflecting the market's unsettled direction. Oil's recovery lost some steam during the day. “The market is kind of stuck here,” Shipley said. “I don't think it will move far from here until we see that we can reopen the economy.” The S&P 500 gained 38.94 points, or 1.39 per cent, to 2,836.74 and the Nasdaq Composite added 139.77 points, or 1.65 per cent, to 8,634.52.

EU leaders agreed on Thursday to build a trillion-euro emergency fund to help recover from the coronavirus outbreak, while leaving divisive details until the summer.

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