Sentiment Buoyed amid Expectations of Central Bank Stimuli

Financial markets soared in European session amid expectations that central banks would add stimulus to boost global economic recovery. Crude oil prices were also buoyed as the EU sanctions over Iranian imports has become effective this week. The front-month contract for WTI crude oil jumped to 85.6 from yesterday’s close of 83.75 while the equivalent Brent crude contract surged to 99.36 from 99.34 yesterday.

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Sentiment Buoyed amid Expectations of Central Bank Stimuli