Global markets rally on talk of stimulus and new virus treatment
Financial markets are trying to shake off virus woes with central banks signaling likely stimulus measures
05 February 2020 - 12:27
London — Expectations of more central bank stimulus lifted world stocks to their highest in more than a week on Wednesday, helping investors look past a mounting coronavirus death toll and policymakers’ concerns for the disease’s economic impact.
Already, billions of dollars pumped in by Chinese authorities to cushion the blow from the outbreak, along with stringent containment measures, have boosting mainland China indices more than 1% and lifted Hong Kong shares...
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