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Shares jump on lockdown easing hopes; oil drops further

Shares jump on lockdown easing hopes; oil drops further

By NEW YORK (Reuters) - Stocks rose across the globe on Monday as investors cheered news that more countries and U.S. states were looking to ease lockdowns and the Bank of Japan expanded its stimulus program, while the price of oil continued to crumble as storage runs out.U.S. energy stocks outperformed the overall market with a 2.1% gain even as U.S. crude prices fell more than 20%.The U.S. dollar slipped as risk-prone traders cheered lockdown news even as health experts warned that not enough coronavirus testing was in place in the United States. From Italy to New Zealand, governments...

April 27, 2020
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reuters.com

reuters.com

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