World stock markets and oil prices rallied Friday, building on the previous day’s recovery sparked by European Central Bank hints of more eurozone stimulus.
Tokyo’s Nikkei 225 index got the markets off to a positive start, surging nearly six per cent following a report in the Nikkei business daily that the ank of Japan was considering extra economy-boosting measures in response to worries about deflation.
The Japanese report allowed European and US markets to extend Thursday’s upward climb following comments by ECB Chief Mario Draghi suggesting more stimulus was likely in March.
Equity markets in Frankfurt, London, Paris and New York all rose …read more
Source: Pakistan Today
