European markets are set to rebound at the open Tuesday as investors react positively to the U.S. Federal Reserve’s announced open-ended asset purchase program on Monday, as well as other measures to keep the market functioning.
Germany is set to unveil major stimulus measures as the death toll from the virus rises throughout Europe. Both the region and the U.S. have seen a dramatic increase in the number of infected in recent weeks.
Global stock markets are being boosted by the Fed’s pledge Monday that it will run an open-ended asset purchase program amid the global coronavirus outbreak.
The central bank said the program will run in the “amounts needed to support smooth market functioning and effective transmission of monetary policy to broader financial conditions and the economy.”
International focus remains on the spread of the coronavirus pandemic. The World Health Organization warned Monday that the pandemic is picking up pace.