Markets may take cheer as China steps up stimulus

Thu, 20 Feb 2020

Markets may be cheered by a slowing in the number of reported covid-19 cases and talk of further economic stimulus from China. “Covid-19 continue to dominate the global financial landscape overnight,” said Kiwibank FX trader Mike Shirley. Equity markets in Europe and the US rallied after China posted the lowest daily rise in new coronavirus cases since Jan. 29, according to Reuters. Investors were also cheered by a Bloomberg report that China is considering measures to support its economy, such as direct cash infusions and mergers to bail...

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