Global stocks march higher as coronavirus lockdowns ease and economic activity picks up

Global stocks march higher as coronavirus lockdowns ease and economic activity picks up
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Global stocks rose on Tuesday as investor sentiment was propped up by a relaxation in coronavirus lockdowns across the world and on news of a new vaccine for the virus.

US futures point to gains of more than 2% as traders return to work after the long Memorial Day weekend, while major indexes in Europe and Asia also bounced on the day.

The World Health Organization has temporarily halted trials for hydroxychloroquine amid safety concerns.

US-China tensions continue to escalate after White House national security adviser attacked the world's second-largest economy for engaging in "espionage" to develop vaccine technology.

Novavax said it is launching its first human clinical trials of a coronavirus vaccine.

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Global stocks marched higher Tuesday as coronavirus lockdowns continue to be eased around the world, and major economies show tentative signs of recovery, while investors shrug off mounting tensions between the US and China.
Futures for the S&P 500 increased as much as 2.2% during the European morning, while in Asian trade Hong Kong's Hang Seng rose 1.8%, and the pan-European Stoxx 50 rose 0.8%.
On Monday, Japan lifted its two-month long state of emergency after a marked fall in new coronavirus cases in its capital city Tokyo and other hard-hit provinces, one of the most significant examples of lockdown easing yet. The move ended some curbs on economic activity and triggered a bullish response from investors.
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