Global stocks rally after biggest rout since 2008

Global stocks rally after biggest rout since 2008

US stocks are leading the recovery, with the Dow Jones Industrial Average and the S&P 500 gaining around three percent during early trading on Wall Street.

European stocks are mixed, with Londons FTSE up over two percent and Germanys DAX about one and a half percent higher. Frances CAC bucked the trend, trading over 10 percent lower as of 2:00pm GMT.

Asian stocks finished strong, with the Shanghai Composite closing 1.82 percent higher, Hong Kongs Hang Seng gaining 1.41 percent and Japans Nikkei up 0.85 percent.

Also on Forget the oil prices, the whole US dollar bubble is deflating ? Peter Schiff to RT

Global markets suffered a historic selloff on Monday, with the Dow dropping a record 2,013 points. The crash happened amid growing concerns over the coronavirus outbreak and followed a steep drop in oil prices after Saudi Arabia announced it was boosting crude production by 25 percent in an escalating conflict with other global producers.

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Published time: 2020-03-10 17:03:31