European, US stocks up despite China Covid fears

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London (AFP) – European and US stocks rose and oil prices recovered from heavy losses on Tuesday despite fresh concern that China’s latest Covid-19 outbreaks could herald a global recession. London, Paris and Frankfurt made modest progress in early afternoon deals after a mixed opening, while Wall Street opened in the green. The optimism came after a mixed Asian showing, as worries grew over the economic fallout of Beijing’s efforts to contain rising infections in the world’s second-largest economy. “China remains entirely polarising,” noted Stephen Innes of SPI Asset Management. “Some investo…

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