Asian shares crept ahead on Monday and oil prices hit a five-week high as more countries re-opened their economies, stirring hopes the world was nearer to emerging from recession. “The economies of Europe and the U.S. likely bottomed out in April and are slowly starting to come back to life,” wrote Barclays economist Christian Keller in a note. “However, incoming data from most economies highlight the depth of the contraction, raising risks of longer-term scarring that might undermine the recovery.” …read more
Source:: Yahoo Finance
