Stocks Extend Bear Market Bounce as Inflation Angst Eases

Stocks Extend Bear Market Bounce as Inflation Angst Eases
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, on April 26, 2022. Staff/Reuters
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MILAN/TOKYO—World shares extended their bounce on Monday, building on Friday’s strong Wall Street close as off-peak oil prices helped sentiment improve and temper fears of prolonged inflation.

Strong morning gains in Europe and a rally across Asian markets after China further eased COVID-19 restrictions drove the MSCI’s benchmark for global stocks up for a third straight session, rising 0.5 percent by 0851 GMT.