Global Markets: Stocks rally, S&P 500 crosses 3000 barrier; oil gains [Reuters]
LATAM AIRLINES GROUP SA (LTM)
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Source: Reuters
Global Markets: Europe's travel sector soars, S&P 500 to break 3000 barrier LONDON (Reuters) - World shares forged ahead on Tuesday and commodity markets drove higher as well, as investors shrugged off Sino-U.S. tensions to focus on more stimulus in China and a re-opening world economy. Britain’s FTSE and Japan’s Nikkei led their regions with 1.2% and 2.2% gains, while the S&P 500 was preparing to go above 3,000 points for the first time since early March, when the economic impact of the coronavirus was just becoming clear. Europe was powered by a near 7% surge in travel and leisure stocks, including at 35% gain by holiday firm and 20% jump in British Airways owner IAG, after Spain said that quarantine-free tourism would resume next month and as Germany edged towards a 9 billion-euro bailout of airline Lufthansa. Italian, Spanish and other southern euro zone government bonds also gained on the hopes, and a weaker dollar helped the euro, the pound, and holiday-hotspot currencies like T
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