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Global Stocks Gain, Oil Climbs Amid U.S. Cold Snap: Markets Wrap

  • U.K. equities and pound advance amid vaccine progress
  • Nikkei 225 touches 30,000 level for first time since 1990
Bloomberg business news
HSBC Says Reflation Trades Set to Rally Further
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Global stocks and U.S. equity futures rallied as investors took comfort in progress on the Covid-19 vaccine rollout, while freezing temperatures in Texas and across the American South roiled energy markets. The dollar weakened, and U.S. and Canadian stock markets were closed for national holidays.

The FTSE 100 Index finished up 2.5% and the pound strengthened after the U.K. recorded 15 million vaccinations against coronavirus. Japan’s Nikkei 225 Stock Average topped 30,000 yen for the first time since August 1990 on data showing the economy is charging ahead.