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Stocks scale five-week highs on China's post-holiday surge Thyagaraju Adinarayan, Tom Westbrook LONDON/SINGAPORE (Reuters) - Global stocks h Empty Stocks scale five-week highs on China's post-holiday surge Thyagaraju Adinarayan, Tom Westbrook LONDON/SINGAPORE (Reuters) - Global stocks h

في الإثنين 12 أكتوبر 2020 - 11:43
Stocks scale five-week highs on China's post-holiday surge
Thyagaraju Adinarayan, Tom Westbrook
LONDON/SINGAPORE (Reuters) - Global stocks hit five-week highs on Monday led by China’s post-holiday surge as investors bet on a steady recovery for the world’s no. 2 economy, but worries about rising COVID-19 infections capped gains in Europe and the United States.

FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 2, 2020. REUTERS/Staff
European countries were considering adding fresh travel curbs due to rising coronavirus, a contrast to Asia-Pacific countries including Singapore, Australia and Japan, where a gradual easing of some international travel restrictions was under way.

Still, U.S. and European markets were a tad higher as investors hoped for coronavirus aid in the United States, with the Trump administration on Sunday calling on Congress to pass a stripped-down relief bill.

European stocks (.STOXX) and U.S. stock futures (EScv1) rose 0.2%. FTSE 100 (.FTSE) and sterling meanwhile were wobbly ahead of a Brexit summit later in the week.

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 1% to 2-1/2-year highs, buoyed by a 3% gain in Chinese blue chips (.CSI300) and a 2.2% rise by Hong Kong's Hang Seng index (.HSI) .

China has returned from an eight-day Mid-Autumn festival with investors encouraged by a robust rebound in tourism and ebbing coronavirus cases.
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