Irish banks and housebuilders join in global stock markets rally on Covid-19 'narrative recovery'

Global stock markets moved higher again, slewing off concerns about resurgent Covid cases in some parts of the US, as investors hope for a stronger than expected recovery following the global lockdowns.

Chris Beauchamp, chief market adviser at online broker IG, said "the recovery narrative" had taken hold, while "the positive mood was reinforced by the stubborn refusal of the US death curve to move higher".