World stocks turn higher despite worries over Covid-19 rebound

World stock markets turned higher on Friday despite concerns that a global economic recovery may be derailed by coronavirus infections.

Shares rose in most major markets and US futures surged after Asia got off to a mixed start.

Global markets have recovered most of this year’s losses as investors look ahead to a possible rebound from the deepest economic slump since the 1930s. But analysts say gains might be too big and too fast to sustain.

Enthusiasm has been dented by rising case numbers in Brazil, some US states and other areas.

Germany’s DAX added 0.6% to 12,356.33 and the CAC 40 in Paris jumped 0.7% to 4,993.69. Britain’s FTSE 100 surged 0.8% to 6,275.12. Wall Street also looked set for gains, with the future contract for the S&P 500 up 0.7% at 3,118.60. The future for the Dow industrials gained 0.7% to 26,075.00.

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