Bloomberg India’s stock benchmark rose, rebounding from its lowest close in more than two weeks, as investors assessed the extent that the coronavirus outbreak may affect the economic outlook. The S&P BSE Sensex Index climbed for the first day in five, adding 1.1% to close at 41,323 in Mumbai. The NSE Nifty 50 Index posted the same gain. India’s government …

Bloomberg The pound rose after inflation accelerated, fuelling expectation that the Bank of England (BOE) will hold off lowering interest rates for the foreseeable future. Sterling cemented its position above $1.30, snapping two days of declines versus the dollar after annual inflation picked up for the first time in six months. The currency has also been given a boost by …

Bloomberg The International Monetary Fund (IMF) reiterated that global economic growth appears to be bottoming out, though also cautioned that risks including the coronavirus dominate the outlook. “After a marked slowdown last year, global economic activity is expected to moderately strengthen in 2020,” the IMF said in a surveillance note released on Wednesday. “Monetary and fiscal policy actions were instrumental …