LONDON (Reuters) – Expectations of more central bank stimulus lifted world stocks to their highest in more than a week on Wednesday, helping financiers look past a mounting coronavirus death toll and policymakers’ concerns for the illness’s financial impact.
FILE IMAGE: Financiers sit in front of a board showing stock information at a brokerage house on the first day of sell China considering that the Lunar New Year, in Hangzhou, Zhejiang province, China February 3,2020 China Daily via REUTERS/File Picture
Already, billions of dollars pumped in by Chinese authorities to cushion the blow from the break out, in addition to rigid containment steps, have increasing mainland China indexes more than 1%and raised Hong Kong shares.
European shares also reversed following a lacklustre open, with a pan-European benchmark up 0.6%. Wall Street futures reversed previously losses to increase practically half a percent. MSCI’s global index rose 0.3%and was 2.3?ove Monday’s six-week lows.
Traders said European stocks als