Markets strengthen amid economic recovery hopes – business live

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Rolling coverage of the latest economic and financial news

7.29am BST

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

A study found that Remdesivir, an anti-viral drug produced by Gilead Sciences, reduced the fatality rate by 62%.

The drug in question has been tipped as a potential treatment for the coronavirus for several months, and the findings from the latest study boosted market sentiment.

BREAKING:

*SUNDAY NIGHT #FUTURES ACCELERATE GAINS WITH THE DOW JUMPING NEARLY 200 POINTS DESPITE RISING CORONAVIRUS CASES $DIA $SPY $QQQ $IWM $VIX pic.twitter.com/ZDJNpQXRgp

Asian markets ripping higher. Chinese stocks resume their epic rally. pic.twitter.com/TsFRlvIuOI

Related: Global coronavirus report: WHO reveals fresh record rise in cases worldwide

Related: Immunity to Covid-19 could be lost in months, UK study suggests

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