Global Equities Get Boost From Growth Outlook

Global stock markets rose Tuesday on the back of optimism on the world economic outlook sparked by upbeat data from China, with investors happy to put geopolitical worries on the backburner for now.

London, (UrduPoint / Pakistan Point News - 17th Apr, 2018 ) :Global stock markets rose Tuesday on the back of optimism on the world economic outlook sparked by upbeat data from China, with investors happy to put geopolitical worries on the backburner for now.

The British pound zoomed to its highest Dollar level since the 2016 Brexit referendum on strengthening UK interest rate hike hopes and solid data.

"With geopolitical concerns appearing to ease in recent days, risk appetite is gradually returning to financial markets," said Craig Erlam at OANDA.

He said investors sentiment remained fragile, but in the absence of escalation in Syria after weekend US, British and French air strikes, markets seemed poised to continue clawing back recent losses. "The concerns about geopolitical tensions in relation to Syria and Russian sanctions have faded a little," agreed CMC Markets analyst David Madden.