Stock markets climb on easing economic concerns over virus

London (AFP) – European and Asian stock markets climbed Wednesday following a positive overnight lead from Wall Street on easing investor concerns over the economic impact of COVID-19.While the death toll from China’s coronavirus epidemic climbed past 1,100 on Wednesday, the number of new cases fell for a second straight day, raising hope the outbreak could peak later this month.US Federal Reserve Chairman Jerome Powell on Tuesday said its assessment of the economic fallout was not as gloomy as many had expected.There are meanwhile expectations that Beijing will introduce major stimulus polici…

Read More