LONDON, Aug 3 — Stock markets in Europe and Tokyo rebounded today, helped by a recovery in manufacturing sectors, with investors scooping up bargains in coronavirus-driven trading. London’s benchmark FTSE 100 index was up 1.1 per cent in early afternoon deals. In the eurozone,...
Frankfurt surged 2.2 per cent and Paris, 1.2 per cent with Japan's Nikkei 225 also closed up. — Reuters pic
Shanghai put on 1.8 per cent following a forecast-beating reading on factory activity from Caixin, days after a strong official report showed improvement in the manufacturing sector. With Covid-19 showing no sign of easing globally—total cases topped 18 million today—governments are moving to redeploy containment measures.
The new wave of infections has fanned fears that a nascent economic recovery will be knocked off track.
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