Membership
Get unlimited digital access. Try it today for only $0.99.
Topics

European Central Bank

Global stocks rally on new hopes for more stimulus efforts

Global stocks rally on new hopes for more stimulus efforts

Global stocks bounced back strongly Friday, buoyed by sharply higher oil prices and the prospect of more monetary stimulus from the European Central Bank.

Japan led the rebound as the Nikkei index had its best single day in four years, just two days after entering bear market territory.

KEEPING SCORE: In early European trading, France's CAC 40 added 3% to 4,332.78 and Germany's DAX rose 2% to 9,762.41 Britain's FTSE 100 climbed 2.23% to 5,902.61 U.S. stocks were poised to open higher. Dow futures were up 1.3% to 15,992.00, and broader S&P 500 futures rose 1.40% to 1,887.00.

STIMULUS HOPE: European Central Bank chief Mario Draghi...

Loading
76°