Global stocks once again lacklustre after rebound on Tuesday
As of Tuesday’s close, $8.1-trillion in value has been erased from global stock markets in the recent rout
11 March 2020 - 16:59
London — The rebound in stocks ran out of steam on Wednesday despite the Bank of England (BoE) joining other central banks in cutting interest rates, as investors weighed up whether co-ordinated monetary and fiscal stimulus could counter the shock from coronavirus.
The surprise move from the BoE, which — on the day that Britain's budget opened the taps on spending — also announced measures to support bank lending, initially lifted shares after a lacklustre session in Asia...
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