Asian stocks rise after Wall Street gains on aid hope

This photo provided by the New York Stock Exchange, Thursday, March 19, 2020, shows trader Gregory Rowe, center, as he works on the trading floor. Stocks are see-sawing between gains and losses in midday trading on Wall Street Thursday, but the moves are more subdued than the wild jabs that have dominated recent weeks.

Investors were encouraged after seeing more steps by the Federal Reserve and other central banks and governments to support credit markets and the economy. On Thursday, the European Central Bank launched a program to inject money into credit markets by purchasing up to 750 billion euros in bonds. The Bank of England cut its key interest rate to a record low of 0.1%. Australia’s central bank also cut its benchmark lending rate to 0.25%. Central banks in Taiwan, Indonesia and the Philippines also cut their benchmark rates.

New Zealand was down 0.3%. Shares rose in Singapore and Bangkok but fell in Malaysia and Indonesia, where the number of cases of the virus has been soaring. Investors are jumpy due to uncertainty about the size and duration of the impact of the coronavirus and the spreading wave of business shutdowns meant to help contain it.Unease has grown as forecasters say a global recession looks increasingly likely and have cut growth outlooks for the United States, China and other major economies.

What is the big deal? Govts can just print money and distribute it 🙄

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Against an 18 month shutdown? Greed is ever hopeful. Risk persists and the virus will be resurgent until there is a vaccine.

If companies can just run to the government the moment there's a crisis, why would they bother doing profitable business and hiring people afterward? There's a place for large scale assistance, but when *workers* are affected, it should be workers who get helped before companies

Not entirely correct But then U S always want to bask in their own glory and keep interfering in everyone's matters Enjoy whatever you may think and feel because reality is much further from this.

That pic....

Critical shortage of masks in the medical profession LOL lets put one on a statue.

But how will they protect us from you?

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