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Wall Street Leads World Off Major Lows

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LONDON (Reuters) - World stocks bounced off a near two-year low on Thursday, lifted by a dramatic Wall Street surge, though a fall in Chinese industrial profits and renewed Italian banking worries offered a sobering reminder of the problems weighing on the world economy. The Dow Jones Industrial Average surged more than 1,000 points for the first time on Wednesday, leading a broad Wall Street rebound, after a report that holiday sales were the strongest in years helped mollify concerns about the health of the economy. Stocks in Asia and Europe took their cue from this rally, and opened strongly, pushing the MSCI world equity index, which tracks shares in 47 countries, 0.4 percent higher.

Added on the 27/12/2018 07:18:52 - Copyright : Wochit

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