Global stock markets and U.S. futures rebounded Monday from losses last week after the head of the U.S. Federal Reserve expressed optimism that the
American economy might start to recover this year from the
Coronavirus pandemic.
London and Frankfurt pushed higher, while benchmarks in Shanghai, Tokyo, Hong Kong and Australia advanced.
Market sentiment “will likely remain fragile” as investors weigh government stimulus plans against rising U.S.-Chinese tension and poor economic data, said Riki Ogawa of Mizuho Bank in a report.