Global Stocks Rise As Recovery Signs Offset New Lockdowns

In this file photo Traders work during the opening bell at the New York Stock Exchange on March 19, 2020, at Wall Street in New York City. Johannes EISELE / AFPEquities rose Thursday following a record lead from Wall Street, with investors cheered by hopes for a vaccine, more positive economic data and further lockdown easing in Europe.

And while there are worries about the issue causing further friction between Beijing and the West, markets remain positive for now.Sydney, Mumbai, Seoul, Wellington and Bangkok were all up more than one percent, while Manila also chalked up more than two percent gains.Tokyo ended up 0.1 percent with signs of a flare-up in new cases in the Japanese capital weighing on sentiment.

Meanwhile, hopes for a vaccine were given a boost after Germany’s BioNTech and US pharmaceutical giant Pfizer reported positive preliminary results from a joint project, which showed positive antibody responses. But he warned of a “need to be on guard for the recent stalling or even reversal of social distancing restrictions in many US states prompting setbacks in some of these readings in coming months.”

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