Global shares rise on hopes for economies' gradual reopening
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May 24, 2020
TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic.
France's CAC 40 gained 0.8% in early trading to 4,479.60, while Germany's DAX jumped 1.2% to 11,206.26. British markets were closed for a bank holiday. U.S. markets will be closed for Memorial Day.
Germany joined other major economies in logging its worst downturn since the global financial crisis more than a decade ago, as exports and consumer spending took a hit from shutdowns and other disruptions...
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