Stocks and oil rise on hopes of looser COVID curbs in China

LONDON/SYDNEY – Stocks and oil gained on Tuesday on hopes that public unrest in China might prompt an earlier loosening of COVID-19 curbs in the world’s biggest economy, with the yuan up and the dollar down as investor appetite for riskier assets grew.

The Euro STOXX 600 gained 0.4 percent, recovering from its worst session in almost two weeks a day earlier. Shares in London were up 0.8 percentand markets in Paris and Frankfurt gained around 0.2-0.3 percent.

Hopes of faster easing of China’s strict restrictions rose after an official said they will continue to fine-tune policy to reduce the impact of its “Zero COVID” on society.

Simmering discontent with Beijing’s stringent COVI…

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