Markets rebounded on Monday after suffering their worst week since the 2008 financial crisis in a bet that central banks will intervene to support a global economy weighed down by the coronavirus.
: Asian markets rebounded on Monday while the rally in European markets fizzled out as investors bet that world governments and central banks would announce stimulus packages to support a global economy impacted by the coronavirus.
A rally on European markets fizzled out mid-morning on Monday with London's FTSE 100 up 0.42% mid-morning on Monday, while the Euro Stoxx 50 was down 0.42%. The Bank of Japan’s governor Haruhiko Kuroda said the central bank would “strive to provide ample liquidity and ensure stability in financial markets through appropriate market operations and asset purchases.”
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