NEW YORK/LONDON: Global equity markets and oil prices surged on Tuesday after a timely shot of Chinese stimulus helped spark a rally that was further fueled by views that the Omicron COVID-19 variant will not cause major economic damage.
The Nasdaq jumped 3% as technology shares bounced back, helping the FTSEurofirst 300 index of leading European companies post its first back-to-back run of more than 1% gains since February.
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