Stocks rise as governments throw kitchen sink at virus

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The Bank of England came back with its second interest rate cut within days and unleashed its "biggest ever one-off round of asset purchases," said Kallum Pickering, senior economist at Berenberg.DEEP UNCERTAINTY "We are still in the first inning," said Keith Buchanan, portfolio manager at Globalt. "We just don't know where this is going, there is no precedent and that is what is making the market so hysterical."

The US has recorded 10,755 cases of new coronavirus infection, 154 of them fatal. But authorities expect the number to increase steeply in the coming days because of increased levels of testing after initial delays.

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