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GLOBAL MARKETS-World stocks scale fresh peaks on strong China, U.S. data

Apr 16, 2021 - Nasdaq

By Herbert Lash and Simon Jessop

NEW YORK/LONDON, April 16 (Reuters) - Gold prices edged up and global stocks scaled fresh highs on Friday after strong U.S. and Chinese economic data bolstered expectations of a solid global recovery from the coronavirus pandemic.

Government stimulus, strong corporate earnings from U.S. banks and in Europe, along with signs of economic recovery in countries leading the COVID-19 vaccination race have all helped push key stock market indexes to new heig...