Stock markets rise on virus hopes as oil tanks

Investors are meanwhile looking to meetings by two of the world’s most powerful central banks, the Fed and the ECB, later in the week for news on stimulus measures.

Stocks kicked off the week “in optimistic fashion”, said Joshua Mahony, senior market analyst at IG trading group.Germany on Monday said it had seen the slowest pace of infections and deaths since March 29. British Prime Minister Boris Johnson said Britain was beginning to “turn the tide” but it was too early to ease the lockdown.

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