Global markets rallied on Monday (Aug. 19) as concerns regarding an economic recession eased. Reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy. In the United States (U.S.), Wall Street gained supported by stimulus measures expectations from major central banks. Also, the U.S. Commerce Department announced it would extend another 90-day reprieve given to Chinese telecoms Huawei Technologies lifting investors’ sentiment.
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