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Stocks soar on hopes that stimulus will counter coronavirus, but analysts warn the worst may be yet to come

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  • 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.
  • Visit Business Insider’s homepage for more stories.

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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Source:: BusinessInsider.Com