Global stocks have recorded their best week since November as volatility eased and investors shook off recent fears that the US was veering towards a recession.
Equity markets around the world have rebounded sharply from a rout earlier in the month, buoyed by a reassuring run of US data that pointed to resilient consumers and falling inflation.
Wall Street’s S&P 500 index broke a four-week losing streak to close the week up 3.9 per cent, adding 0.2 per cent on Friday for its strongest showing since November.
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