'Markets are screaming for more': Stocks, oil, Treasury yields climb as hopes of a global coronavirus response growStocks, oil, and Treasury yields rebounded on Friday as investors cheered central banks for boosting liquidity and hoped for a coronavirus rescue package in the US.
Central banks in Norway, Japan, and Australia cut interest rates, bought government bonds, or took other expansionary measures. The US House of Representatives is expected to vote on legislation that improves unemployment benefits, ensures free virus testing, guarantees 14 days of paid sick leave, and helps poorer Americans as well as small- and medium-sized businesses.
"Markets are screaming for more," Michael Every, senior Asia-Pacific strategist at RaboResearch, said in a research note. "It seems like there is nothing the policymakers can do to stop bleeding," Ipek Ozkardeskaya, senior analyst at Swissquote Bank, said in a morning note.Here's the market roundup as of 10:05 a.m. in London :
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