Stocks, oil rebound after dizzying losses


London (AFP) – Global stocks and oil prices rebounded Tuesday on hopes of US economic stimulus efforts as the coronavirus rages, one day after suffering their biggest losses in more than a decade.Trading is exceptionally volatile as investors attempt to get a grip on a rapidly changing news flow, with positive reports of progress in China on the virus clashing with a Saudi decision to increase oil output in an already over-supplied market.”Markets are surging on hopes of a huge stimulus plan from (US President) Donald Trump, but will it be enough to reverse the selloff?” said analyst Joshua Ma…

Read More