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09.04 - 03:07
Coronavirus: Global stocks surge after U.S. Federal Reserve promises support
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Global stock markets and U.S. futures surged Tuesday after the Federal Reserve promised support to the struggling economy as Congress delayed action on a $2 trillion coronavirus aid package.
Tokyo advanced more than 7 per cent and Frankfurt opened 6 per cent higher. London, Shanghai, Paris and Hong Kong also rose.
On Wall Street, futures for the benchmark S&P 500 index and Dow Jones Industrial Average gained 5 per cent. Traders were encouraged by the Fed’s promise to buy as many Treasurys and other assets as needed to keep financial markets functioning.
On Monday, Wall Street fell 3 per cent after Congress failed to approve an economic support package. It would send checks to U.S.
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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
|
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
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Brazil
|
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
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United Kingdom
|
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
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Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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