Australia markets closed

Stocks rise on investor confidence in state and central bank aid

Philip Stafford, Adam Samson and Philip Georgiadis in London and Hudson Lockett in Hong Kong

Global stock markets pushed higher on Wednesday as investors took heart from the prospect of central banks offering further measures to stimulate economic growth and protect incomes. The optimism was underpinned by continued demand for sovereign debt issued by some of the world’s biggest economies, enabling governments to fund their record spending commitments. Minutes from the US Federal Reserve indicated the central bank was ready to support the economy over the medium term if there were additional outbreaks of the virus.