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NEW YORK (Reuters) - Global stock markets surged for a second day on Tuesday, spurred by increased optimism about more U.S. stimulus and the economic recovery, while retail investors retreated from GameStop and fleeting interest in silver, causing their prices to tumble.
FILE PHOTO: A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, stands in front of an electric board showing Nikkei index outside a brokerage in Tokyo, Japan January 21, 2021. REUTERS/Kim Kyung-Hoon
The party for the Reddit-inspired trading frenzy that pushed GameStop’s stock up five-fold in five days last week appeared over as its shares plunged 60% in heavy trade to close at $90.00, less than one-fifth of an all-time peak on Friday.
GameStop’s Frankfurt-listed shares down 30% Silver tumbles further from 8-year high Biden set to debate Republicans on stimulus package Euro at 7-week lows on economic outlook
LONDON Feb 2 (Reuters) - Global stock markets gained for a second day on Tuesday, spurred by increased optimism about economic stimulus and global recovery, while retail investors retreated from GameStop and their new-found interest in silver.
Positive momentum from Asia carried through to Europe, with the pan-European STOXX 600 edging up 0.9%.
Shares in BP lost 3.8% after it plunged to a $5.7 billion loss last year, its first in a decade.
MSCI’s world equity index, which tracks shares in 49 countries, was 0.4% firmer after posting its strongest day in three months on Monday.
Global markets buoyant as U.S. stimulus package debate looms
By Tom Arnold and Kane Wu
Reuters
LONDON (Reuters) - Global stock markets gained for a second day on Tuesday, spurred by increased optimism about economic stimulus and global recovery, while retail investors retreated from GameStop and their new-found interest in silver.
Positive momentum from Asia carried through to Europe, with the pan-European STOXX 600 edging up 0.9%.
Shares in BP lost 3.8% after it plunged to a $5.7 billion loss last year, its first in a decade.
MSCI s world equity index, which tracks shares in 49 countries, was 0.4% firmer after posting its strongest day in three months on Monday.
Xi s Davos speech pivotal to multilateral cooperation
1 2021-01-27 10:47:09Xinhua
Editor : Mo Hong e
ECNS App Download Chinese President Xi Jinping attends the World Economic Forum (WEF) Virtual Event of the Davos Agenda and delivers a special address via video link in Beijing, capital of China, Jan. 25, 2021. (Xinhua/Li Xueren)
Chinese President Xi Jinping s new Davos speech was pivotal to boosting multilateral cooperation, leaders of international organizations, business executives and economists have said, stressing China s role as a growth engine in supporting global economic recovery.
Addressing the World Economic Forum (WEF) Virtual Event of the Davos Agenda on Monday, Xi called on the world to abandon ideological prejudice and jointly follow a path of peaceful coexistence, mutual benefit and win-win cooperation.