Investors are hoping for relief from a glut of oil. — Reuters pic
The IMF noted early signs of a recovery in the world’s second-largest economy China, including rising pollution levels, but news that a meeting of top oil producers had been delayed sent oil prices slumping. The broad-based S&P 500 climbed 4.8 per cent to 2,607.07, while the tech-rich Nasdaq also gained, opening up 4.7 per cent to 7,717.70.
Italy over the weekend reported its lowest death toll in two weeks and France its fewest dead in a week, while Spain recorded lower fatalities for a fourth straight day today.
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