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Global stocks rise as lockdown measures ease further

Global stock markets rose on Wednesday as more easing of coronavirus lockdowns created a positive buzz on trading floors, analysts said.

Investors on both sides of the Atlantic mostly brushed aside deteriorating China-US relations and the impact of Hong Kong protests, they reported.

“The market is reacting positively to coronavirus lockdowns being eased across the globe,” said Stephen Innes, chief global markets strategist at AxiCorp.

Adding to optimism was a proposal by European Union chief Ursula von der Leyen for a 750 billion euro ($825 billion) post-virus recovery fund for Europe.

If she can win over sceptical member states to push it through, the stimulus package will be the biggest in EU history, adding to already mind-boggling amounts of stimulus and central bank pledges of support across the planet.

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