London, Paris and Frankfurt all rose in early trade. — Reuters pic
Shanghai rallied more than one per cent as data showed a pick-up in inflation that indicates the world’s number-two economy continues to improve. “The US is also likely to continue its spending spree in August, with up to US$1 trillion of additional stimulus, and should the EU’s package be nearly as big as the initial proposal, liquidity won’t be an issue in the developed world this year,” said Ken Berman at Gorilla Trades.
Measures are also having to be reimposed in Serbia, while France, which had flattened its curve by imposing a strict early lockdown, said Wednesday it was girding for a possible surge in cases, leading its new prime minister to soothe fears by promising no new full shutdown.
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