London, Feb 1 (AFP/APP):C Global stock markets bounced higher Monday following last week’s blood-letting as bargain-buyers moved in, while silver prices soared to an eight-year peak after it became a new target of chatroom-driven retail buying, dealers said. “The fear that dominated the markets last week has faded,” said market analyst David Madden at CMC Markets UK.
Equity markets faced their biggest reverse in several months last week as surging infections and a stuttering vaccination rollout offset long-term hopes for the economic recovery.
Fawad Razaqzada at ThinkMarkets said there has been “investor realisation that central bank QE stimulus will be running at full throttle for a while yet.”
Markets had also been worried that an online retail investors’ attack on Wall Street short traders was forcing some to sell equities or close out positions to cover their backs — and losses. – ‘Herding into silver’
More than 100 countries to begin vaccinating populations against COVID-19
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