Morning Report 7 Apr 20: Global share markets surge as COVID-19 infection rates moderate

US sharemarkets surged on Monday in response to data showing a drop in virus-related deaths in New York City - regarded as the US hot spot for virus cases. All 30 components of the Dow Jones rose. The S&P 500 banking index rose by 8.2% with technology up 8.8% and utilities up 7.9%. The Dow Jones index rose by 1627 points or 7.7%, ending just off session highs. The S&P500 index gained 7.0% and the NASDAQ rose by 540 points or 7.3%.  

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