Global markets fly as Trump's $1 trillion infrastructure plan puts a 'rocket under stocks' — and the Fed launches $250 billion of fresh stimulus

• Global stocks rose on Tuesday on reports that President Donald Trump's administration is considering fresh stimulus worth $1 trillion for the US economy.
• Futures tied to the S&P 500 rose 1.2%, signalling that US stocks will rise for a third consecutive day.
• US stock futures continued to track the previous day's gains after the Federal Reserve announced it would begin purchases of up to $250 billion in individual corporate bonds.
• In Europe and Asia, stocks also jumped, with Japan's Nikkei gaining almost 5% by the close, and most major European indexes up more than 2% in morning trade.
• "The Federal Reserve became an accidental Lone Ranger overnight, riding in to rescue beleaguered financial markets that had circled the wagons over secondary outbreak COVID-19 fears," Jeffrey Halley, a market analyst at OANDA said.
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Global stocks jumped on Tuesday after the US Federal Reserve declared fresh economic stimulus measures and on reports that the Trump administration may be working on a $1 trillion infrastructure proposal fund to boost the US economy. 

Trump's proposal aims to set aside funds for infrastructure such as roads and bridges, but part of the funding would also be directed towards 5G wireless infrastructure and rural broadband, according to Bloomberg.

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See Also:

• Why roughly 12 million low-income people eligible for a $1,200 stimulus check could miss out on the federal cash
• 'A textbook recession-recovery trade': 3 Wall Street stock-strategy titans explain why the market's latest plunge is actually 'healthy' — and share their views for what's next
• A top Trump economic advisor says 'there is no second wave' of coronavirus as cases surge in over a dozen states

SEE ALSO: The Fed begins purchases of up to $250 billion in individual corporate bonds

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