Stock markets turned higher Tuesday after a mixed session in Asia as governments inch toward letting businesses reopen and central banks step in with still more support for ailing economies. The price of oil, however, extended its losses.
From Rome, Georgia, to Rome, Italy, companies are watching as politicians detail plans to ease up on restrictions that were meant to slow the coronavirus pandemic but also have erased businesses and jobs.
With central banks and governments promising huge amounts of aid for the economy, some investors are focusing on the potential return of growth as the outbreak levels off in some areas.
In Europe, France’s CAC 40 gained 1.3 per cent to 4,563, while Germany’s DAX rose 1.5 per cent to 10,817. Britain’s FTSE 100 gained 1.5 per cent to 5,934.
US shares were set to drift higher with Dow futures adding 1.3 per cent and S&P 500 futures gaining 1.2 per cent.
