WAKE UP NZ: Improving covid-19 numbers spur global rally

Tue, 07 Apr 2020

Local markets may fare better today after an overnight rally on Wall Street and in Europe was spurred on by signs that the covid-19 outbreak may be near a peak in Italy, Spain and New York. Germany’s Dax added 5.8 percent overnight and the S&P500 was up 7 percent at 8am in Wellington, while the Dow Jones Industrial Average was up 7.7 percent and the Nasdaq advanced 7.3 percent. The pace of new covid-19 deaths slowed in Spain for the fourth the day on Monday and Italy also reported its lowest level of new cases in two weeks, according to T...

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