Global stocks rebound from virus-driven downturn

New York (AFP) – Global stocks rallied strongly Tuesday as fears eased over an economic hit from the coronavirus outbreak in China even as the number of cases continued to rise.Major indices in Asia, Europe and the US all gained one percent or more, with analysts citing economic stimulus measures by the People’s Bank of China for cushioning the blow in that country, as well as the extremely limited spread of the ailment so far in the United States.The dollar largely firmed while the pound recovered, after the sharp decline Monday triggered by Britain and the European Union offering very differ…

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