Stocks climb as investors cling to lockdown loosenings | Malay Mail

📆 2020/05/12 1:31:00
📰 malaymail

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LONDON, May 11 — European shares climbed today as investors clung to signs that more countries were restarting their economies and looked past reports of a pick-up in new coronavirus cases. The gains for stocks, while small, began in Asia where markets cheered further loosening of coronavirus...

As businesses start reopening, markets are seeing optimism. — Picture by Yusof Mat Isa

However, South Korea warned of a second wave of the new coronavirus as infections rebounded to a one-month high, while new infections accelerated in Germany, which has been cautiously easing its own lockdown. By 0825 GMT, European markets were up but off the day’s highs - the Euro STOXX 600 gained 0.11 per cent while Germany’s managed a 0.39 per cent rise and Britain’s FTSE 100 a 0.36 per cent gain.

“Since late March there has been an extraordinary divergence between the real economy and financial risk, with the latter helped by unprecedented policy accommodation,” said Alan Ruskin, head of G10 FX at Deutsche Bank.

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