Global Stocks Gain on Hopes Pandemic Is Reaching Peak

Global shares rose on hopes the COVID-19 pandemic was nearing a peak and that governments would roll out more stimulus to support their economies.

An employee reacts to market data on display at the New York Stock Exchange on March 9, 2020. Timothy Clary/AFP via Getty Images

Global shares rose on Thursday on hopes the COVID-19 pandemic was nearing a peak and that governments would roll out more stimulus to support their economies, while expectations of a deal to cut oil production bolstered crude prices.

European stock markets gained for a fourth straight day, with investor attention also focused on a meeting of European Union finance ministers to discuss an economic rescue package.