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Global stocks jump again as markets ignore US protests and investors expect the current crisis to 'have a Hollywood ending'
Associated Press
- Stocks rallied on Wednesday for another session, shrugging off huge civil tensions in the US.
- Asian stocks were boosted by news that China's Caixin Services PMI Index rose to 55 in May, its highest level in 10 years.
- In the US, futures point to all three major indexes opening higher by between 0.35% and 0.7%, while in Europe, the continent-wide Stoxx 50 is up more than 2%.
- Analysts at Rabobank said: "Markets continue to trade as if we are going to have a Hollywood ending."
- Another analyst questioned whether markets are still in tune with reality.
- Visit Business Insider's homepage for more stories.
Global stocks jumped again Wednesday, defying civil unrest in the US with analysts questioning whether investors are still in touch with reality.
Almost all major stock indices were green despite the protests and heightened tensions between the US and China.
See the rest of the story at Business Insider
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See Also:
- Famed economist David Rosenberg says investors are falling into a classic market trap that's historically preceded a further meltdown — and warns 'there's not going to be much of a recovery'
- 'Embrace the coming crash': A notorious market bear who called the dot-com bust warns big tech stocks are on the verge of succumbing to the economy's downturn
- The European Union's $826 billion stimulus plan to battle the coronavirus is 'too small and too late,' analysts say
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