World stocks, oil soar as Draghi the dove tames global bears

Stocks and oil, at the forefront of a global market rout since the turn of the year, rebounded strongly on Friday thanks to hints of more monetary policy support by the European Central Bank and bargain-hunting from bruised investors.

World stocks recorded their biggest rise in a month and Asian stocks their best day in three months. Oil rallied around 5 percent for the second day in a row, recovering from 12-year lows to above $30 a barrel.


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