Global stocks jump after Japan ramps up economic stimulus and governments look to ease lockdowns
Brendan McDermid/ReutersInvestors also cheered reports that national governments, especially those in Europe, are set to ease lockdown restrictions in the coming weeks.
However, China's industrial profits collapsed 37% to $110 billion in the first quarter of the year, with the energy and automotive sectors contracting the most.Global stocks rose Monday after the Bank of Japan ramped up its monetary stimulus in response to the coronavirus outbreak., signaling its intention to mitigate the economic fallout from the pandemic.
"The Bank of Japan laid down the gauntlet to the Federal Reserve and European Central Bank, who both meet later this week," Neil Wilson, chief market analyst for Markets.com, said in a morning note.
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