Why have global stock markets gone up this year?

Why have global stock markets gone up this year?
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Around the world, millions of people have lost their jobs or been paid by their governments to stay at home.
Yet stock markets have bounced back from steep drops in March.
The most striking gains have been made in the US, with the tech-heavy Nasdaq up a whopping 42% and the wider S&P 500 up 15% on the year.
But the UK's FTSE 100, with its struggling oil companies, banks and airlines, all of which were whacked by the pandemic, has not had such an easy time.
While it is still down 14% since the start of the year, it has seen a steady rise over the last few months and a received a recent boost after a trade deal with the EU was reached and another vaccine was approved.

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