New York
Global stocks were mostly firm as investors shrugged off weak economic data from Germany and the United States and focused on the easing of lockdowns rather than on fears of another coronavirus wave.
Equity investors in Europe went fishing for bargains a day after stocks tanked on news of spiking jobless claims in the United States.
“After two down days for the markets, the week is ending on a more positive note for equities,” said AJ Bell investment director Russ Mould.
The German economy shrank by 2.2 percent in the first quarter of 2020, federal statistics agency Destatis said, calling the quarter-on-quarter decline “worst since the global financial crisis.”—APP
