- Stocks rose on Tuesday as investors cheered the prospect of monetary and fiscal stimulus in response to coronavirus.
- Australia’s central bank cut its key interest rate by 0.25 percentage points to a record low of 0.5%.
- G7 central bankers and finance chiefs are set to discuss their policy responses to the potential pandemic on a call.
- However, analysts warned stocks could slump again once the economic impacts of coronavirus are revealed.
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Global stocks rallied on Tuesday as investors bet central banks and governments would ramp up monetary and fiscal stimulus to protect economies against coronavirus.
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