Stock Markets Climb On Recovery Hopes
June 19, 2020
Global equities rose on Friday as hopes for a quick economic recovery outweighed fresh virus worries and geopolitical tensions.
On Wall Street, the Dow was up around 150 points in the late New York morning with investors in “sunshine” mode, as Briefing.com analyst Patrick O’Hare put it, ignoring bad news and focusing on aggressive Federal Reserve stimulus.
In Europe, key stock markets were up to about a percent higher at the closing bell after late profit-taking brought them off the day’s best levels.