China stimulus hints, slowing spread of virus lift stocks

LONDON - A decline in the number of new coronavirus cases in China and mounting expectations for more policy stimulus boosted global stock markets on Wednesday, helping ease some of the alarm caused by an Apple revenue warning.

Many view Chinese data on the virus with scepticism, but sentiment was lifted by a Bloomberg report that Beijing was considering cash injections or mergers to bail out airlines hit by the virus. “This in itself implies there will be more fiscal and monetary stimulus,” Park said. “That’s the real carrot for markets today.”

Growth worries were reflected in a dismal German investor sentiment survey and the U.S. Treasury curve, where yields on three-month bills rose above yields on 10-year notes — an inversion that’s been a fairly reliable recession predictor in the past.Investors are waiting to see what other growth-supportive measures could be introduced, particularly in the euro zone. They will also keep an eye on the minutes from the U.S. Federal Reserve’s last meeting.

Don't believe the Lies of the Chinese government, the death toll in Wuhan has exceeded 30,000

This bull market is out of control.

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