Rolling coverage of the third day of the World Economic Forum in DavosClosing summary (probably)Wage inequality starts with chores,says Facebook COOLagarde has ‘energy’ for moment IMF term
Osborne tells businesses: my door is always openFull story: Draghi says refugees are an opportunity 6.10pm GMTThis liveblog is creaking under the weight of another day of Davos, so here’s a round-up of the main events. 5.20pm GMTGlobal stock markets enjoy bounced back at the halt of a tumultuous week, and as oil prices recovered and the European Central Bank president,Mario Draghi, raised hopes of morefurther stimulus measures.
It was a week that saw panic selling in global markets, and pushing several of them,including London and Japan, into bear market territory, and as oil prices tumbled to fresh 13-year lows below $28 a barrel.“Global stocks rebounded strongly on Friday,capping a massive two-day about turn that erased sharp declines early in the week. The rally was aided by a surging oil price and talk of stimulus from both the European Central Bank and the Bank of Japan.
The FTSE 100 has seen its first weekly gain this year. The gain is all the more impressive after Britain’s main stock index fell into bear market territory with a 20% decline to the lowest levels since 2012 on Wednesday.”Continue reading...
Source: theguardian.com