The White House is weighing a fiscal stimulus package worth anywhere from $850 billion to more than $1 trillion, part of which could include direct payments to Americans, a source familiar with the matter told CNBC.
Stocks in Asia were mostly set to open higher on Wednesday as stocks on Wall Street bounced back overnight on hopes of stimulus as the country grapples with the coronanvirus outbreak.
Futures pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 17,155 while its counterpart in Osaka was at 17,090. That compared against the last close at 17,011.53. Japanese trade data for February is expected on Wednesday at 7:50 a.m. HK/SIN.Developments surrounding the global coronavirus outbreak are likely to continue to dominate investor sentiment on Wednesday.
The White House is weighing a fiscal stimulus package worth anywhere from $850 billion to more than $1 trillion, part of which could include direct payments to Americans,Governments across the world have taken drastic measures as they seek to slow the spread of the virus, with
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