Rally on Wall Street seen as too premature "because if we lift these lockdown measures too soon and try to resume economic activity, we're going to get a very severe pandemic rebound," said Indranil Ghosh, chief executive officer of Tiger Hill Capital in London.
NEW YORK: World stock markets rose on Tuesday led by gains in Europe and Asia as signs of progress in curbing the spread of the novel coronavirus fueled investors' appetite for risk, though a steep, late sell-off on Wall Street erased gains in U.S. stocks.
Oil prices ended the day deep in the red as hopes of a deal to decrease supply turned into uncertainty and a surge in crude and gasoline stockpiles dragged prices down further.
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