Global stock markets rally as US government and Fed stimulus hopes emerge

overnight maintained short-term interest rates at -0.1% and the target of the 10-year government bond yields at around 0% as was widely expected, noting that the economy is expected to pick up as the impact of the pandemic subsides.'s June policy meeting acknowledged that fiscal and monetary support will likely be required for some time to shore up the economy amid the fallout from the coronavirus pandemic.as new cases and hospitalizations related to the coronavirus spiked in a number of U.

China has also seen a cluster of new infections spreading from a wholesale food market in Beijing, resulting in new restrictions in the district.

He added that fiscal and monetary stimulus measures are seemingly doing enough to restart the engines of the global economy, and that in order to reassess that view, governments would have to begin reintroducing "stay at home" orders to curtail a resurgence of the virus.

'How are we going to pay for it?'

So we just ignore with the new lock downs in china because of new covid cases?

Finally some real news

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