Market update: US equities are in rally mode
|US equities are in rally mode, underpinned by optimism that the worst of the pandemic may be over amid signs that the number of infections is slowing. The unprecedented lockdowns of G-20 economies appear to be having an impact. The US is on lockdown through the month of April, but officials are beginning to discuss what to do next. The Dow is up 4.15%, the S&P 500 is up 3.9% while the NASDAQ has climbed 3.1% in opening trades this week. Solid gains are evident in Europe, where the Euro Stoxx has improved 3.8%, Germany’s DAX is up 4.5% and France’s CAC 40 has firmed 3.4%. The UK’s FTSE 100 is 2.1% higher. Asian stock markets posted gains, as Japan’s Nikkei 225 closed with a 4.2% gain while Hong Kong’s Hang Seng rose 2.2%. China’s stock market was closed for a holiday.
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