Stocks surge to record highs on hopes virus is peaking, gold ebbs


MSCI's all-world stock index gained 0.44% to hit a record high, as did the pan-regional STOXX 600 index in Europe, the blue-chip DAX in Germany and the S&P/TSX Composite in Canada. The Dow industrials, S&P 500 and Nasdaq also set records but pared most of their gains on media reports that the Federal Trade Commission demanded data from Alphabet Inc's Google unit, Amazon.com Inc, Apple Inc, Facebook Inc and Microsoft Corp.

NEW YORK:Major U.S. and European stock indexes surged to fresh records on Tuesday after China's senior medical adviser suggested the deadly coronavirus may be over by April, an outlook that also helped crude prices gain on hopes of renewed Chinese demand.

China's foremost medical adviser on the outbreak told Reuters the number of new cases was falling in some places and forecast the epidemic would peak this month.

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stocks , shares , markets , Wall Street , Dow Jones , Nasdaq , S&P , China , US , coronavirus , fears , oil , dollar , gold , peak , April ,

   

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