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Risk “is back on” was the message from one City trader yesterday as stock markets around the world bounced back. The FTSE 100 had tumbled by 4 per cent last week amid worries that the coronavirus would put a dent in the global economy, but London’s leading share index zipped 113.51 points, or 1.6 per cent, higher to 7,439.82 yesterday, its best daily performance since the Conservatives’ election victory in December.
Investors poured back into the riskier assets that they had been avoiding, their fears apparently soothed by China’s decision to inject billions of pounds into the local economy in an attempt to quell the virus’s impact. That optimism helped to bolster the prices of commodities, with copper snapping its 14-day losing day streak and
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