Stimulus hopes, virus containment steps lift world stocks

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Expectations of more central bank stimulus lifted world stocks to their highest ...

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.

 

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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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