Shares recover from week’s heavy losses, with European shares boosted by Thursday’s ECB meetingGlobal stock markets bounced back at the conclude of a tumultuous week as policymakers sought to play down fears the world was on the brink of a fresh financial crisis.
Chancellor George Osborne called for “cold heads” while Bank of England governor Mark Carney said the outlook for the world economy had not changed despite a dramatic start to 2016 on financial markets that has seen trillions of dollars wiped off the value of global shares amid panic selling and a slide in oil prices.
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Source: theguardian.com