GLOBAL MARKETS-Stocks head for higher ground, Italian bond stress eases [Reuters]
Morgan Stanley (MS)
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Source: Reuters
GLOBAL MARKETS-Stocks head for higher ground, Italian bond stress eases * Economic indicators point to deep recession * European shares gain 1%, Wall Street pointing higher * Italian bonds rally, euro makes ground on ECB support talk * Weekly U.S. jobless claims top 5.2 million * Oil stuck near 18-year low * Benchmark bond yields nudge higher By Marc Jones LONDON, April 16 (Reuters) - Europe led world stock markets back to higher ground on Thursday as tentative moves to reopen parts of the some of its larger coronavirus-hit economies and a bounce in oil offset some truly dismal global economic data. Traders seemed determined to show more resilence to the torrent of gloomy figures having been sideswiped by the previous day’s IMF warning of a Great Depression-style world slump and record plunge in U.S. retail sales. The pan-European STOXX 600 index batted off equally grim UK retail figures and more warnings of countries facing double-digit recessions to rise 1% , while Wall Street futur
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Sec Filings
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- MS's page on the SEC website