A pedestrian wearing a face mask walks on an overpass with an electronic board showing stock information at Lujiazui financial district in Shanghai, China March 17, 2020. — Reuters pic
“With a low, neutral Fed funds rate, a de-emphasis of inflation overshoots and a focus on employment, monetary policy will be highly stimulative for a long, long time. Indeed, music to the stock market’s ears,” said Stephen Innes at AxiCorp. Marubeni Corp and Sumitomo Corp each put on more than 9 per cent, Mitsubishi Corp and Mitsui & Co gained more than 7 per cent and Itochu Corp also rallied.
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