Global stock markets, oil prices, and bond yields rebounded on Tuesday as investors cheered the prospect of the US government taking action to counteract the economic impacts of coronavirus." during a press conference on Monday. Measures might include support for the hardest-hit industries such as hotels and airlines, a cut to payroll taxes, help for hourly wage earners who could lose hours or miss work due to the epidemic, and loans for small businesses.
"Only when that corner is turned can we start to argue for a return to market normality — and we are a long way from that corner being turned globally," he added.
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