Stimulus hopes, virus containment steps lift world stocks

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.

European shares also turned around following a lacklustre open, with a pan-European benchmark up 0.6%. Wall Street futures reversed earlier losses to rise almost half a percent. MSCI’s global index rose 0.3% and was 2.3% above Monday’s six-week lows. The report and the stimulus expectations offset at least partly the news that the virus’s death toll had killed 500 and sickened 25,000.

The Singapore dollar fell to a near-four-month low after monetary authorities said the currency had room to weaken to offset the effects of the virus. Markets responded by pricing in policy easing at the April meeting.

Why more stimulus? I was told the economy is the greatest ever last night. Reuters must be fake news if they think we need stimulus.

This is why China 🇨🇳 has a wall to keep the diseases in

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