Global stocks march higher as coronavirus lockdowns ease and economic activity picks up
Global stocks rose on Tuesday as investor sentiment was propped up by a relaxation in coronavirus lockdowns across the world and on news of a new vaccine for the virus.
US futures point to gains of more than 2% as traders return to work after the long Memorial Day weekend, while major indexes in Europe and Asia also bounced on the day.amid safety concerns. US-China tensions continue to escalate after White House national security adviser attacked the world's second-largest economy for engaging in"espionage" to develop vaccine technology.Visit Business Insider's homepage for more storiesGlobal stocks marched higher Tuesday as coronavirus lockdowns continue to be eased around the world, and major economies show tentative signs of recovery, while investors shrug off mounting tensions between the US and China.
Futures for the S&P 500 increased as much as 2.2% during the European morning, while in Asian trade Hong Kong's Hang Seng rose 1.8%, and the pan-European Stoxx 50 rose 0.8%.after a marked fall in new coronavirus cases in its capital city Tokyo and other hard-hit provinces, one of the most significant examples of lockdown easing yet. The move ended some curbs on economic activity and triggered a bullish response from investors.
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