London and Frankfurt opened more than 4% higher and Shanghai, Hong Kong and other Asian markets advanced. Seoul surged 7.4%.
Hopes are rising that there will be progress in finding virus treatments and that "a boatload of stimulus by both central banks and governments will put the global economy in position for a U-shaped recovery," said Edward Moya of Oanda in a report. Investors also appeared to be encouraged by reports that China is set to ramp up stimulus spending after the province where the virus emerged in December showed no new infections on Wednesday.
The Kospi in Seoul advanced 7.4% to 1,566.15 and Australia's S&P-ASX 200 added 0.7% to 4,816.60 after being up more than 4% at one point.The U.S. Federal Reserve unveiled measures Thursday to support money-market funds and the borrowing of dollars as investors in markets worldwide hurry to build up dollars and cash as insurance against falling asset prices.
More than 10,000 people have died. There are more than 244,000 cases worldwide, including nearly 85,000 people who have recovered.
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Global stocks sink after Trump promises virus aidGlobal stock markets sank Wednesday in a third day of wild price swings after President Donald Trump promised aid to get the U.S. economy through the coronavirus outbreak. And Can’t hide how happy they are about this. Now about Canada......! It’s very very sickening to see anyone or the “news” happy with what is going on in the world and to make such far reaches with their “news stories” like they can associate Trump with the actions of others and their countries. come on we’re smarter than that Lol cause hes full of shit and everyone knows it.
Source: CTVNews - 🏆 1. / 99 Read more »
Global stocks sink after Trump promises virus aidGlobal stock markets sank Wednesday in a third day of wild price swings after President Donald Trump promised aid to get the U.S. economy through the coronavirus outbreak. And Can’t hide how happy they are about this. Now about Canada......! It’s very very sickening to see anyone or the “news” happy with what is going on in the world and to make such far reaches with their “news stories” like they can associate Trump with the actions of others and their countries. come on we’re smarter than that Lol cause hes full of shit and everyone knows it.
Source: CTVNews - 🏆 1. / 99 Read more »