LONDON: World stocks were mixed on Thursday, as the death toll from coronavirus rose and economic pain deepened, with another record week of jobless claims expected in the United States. Investors sought the safety of the U.S. dollar, which hung on to recent gains. Oil futures surged after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their oil price war. In Japan, the Nikkei index ended down 1.37per cent, taking its losses to 25per cent so far this year. European stocks made tentative gains, with the pan-European STOXX 600 gaining 0.5per cent. Wall Street futures added 1.8per cent after plunging overnight. “U.S. jobless claims are expected to surge again, and in this environment we cannot talk about a recovery in equities in the short term. The best you can hope for is stabilisation in the current environment,” said Francois Savary, chief investment officer at Swiss wealth manager Prime Partners. In Europe, oil and gas stocks gained, with Royal Dutch Shell, Total SA and BP jumping 4per cent to 9.0per cent, thanks to the rise in oil prices. Brent crude futures rose 11.0per cent, or US$2.72, to US$27.46. U.S. West Texas… Read full this story
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