With vaccine and stimulus backing … Green permeates global stock markets

Optimism dominates stock markets from Asia to Europe and America on the first day of the week and the first day of March, supported by the approval of the Johnson & Johnson vaccine and the approval by Congress US $ 1.9 trillion stimulus package.

Wall Street increased its gains, with all three major indices climbing more than 2%, while the S&P 500 index is poised to post the best day in 9 months.

The driving factors also come from excellent industrial data from Europe and America, which added to the atmosphere of optimism, after a slowdown in the growth of services and industry in China.

Major U.S. stock indices opened higher on Monday, as bond markets calmed down after a month-long sell-off, while encouraging news about a new Johnson & Johnson vaccine and stimulus measures boosted betting on a rapid recovery of the world’s largest economy.

The Dow Jones Industrial Average rose 133.5 points, or 0.43%, to 31,065.9 points. The Standard & Poor’s 500 index rose 31.4 points, or 0.82%, to 3,842.51 points.

The Nasdaq Composite Index jumped 213.8 points, or 1.62%, to 13,406.16 points.

European stocks rose on Monday after heavy losses suffered last week in light of falling bond market sales, as sentiment boosted optimism over vaccination campaigns to prevent Covid-19 and a plan to American revival.

And the STOXX 600 regional stock index rose 1.6% at 8:11 a.m. GMT, following strong gains in Asian stocks despite weaker-than-expected industrial activity data in China.

The benchmark European stock index fell to near its all-time low during the month of Friday as investors increasingly feared high inflation due to another huge US stimulus package, and the reopening of the global economy could push the big central banks to tighten monetary policy. Politics.

The German DAX index gained 1.3%, while the French CAC 30 index and the British FTSE 100 index each gained 1.5%.

Shares of the mining sector rose 2.2%, the biggest gain among sectors, and travel, entertainment and retail businesses jumped more than 2%.

IAG, the owner of British Airways, was the biggest winner of the STOXX 600 index, gaining 5.4% after Bill Hunt raised the stock’s rating to ‘buy’, thanks to expectations of a rally demand for travel during the summer.