China boosts hope for global stocks outlook

Global stocks rallied, emerging-market currencies rose, and metals rose on speculation central banks from Asia to Europe will add to stimulus a day after Chinese policy makers moved to bolster the world’s second-largest economy.

The US Standard & Poor’s 500 Index rebounded from its third consecutive monthly decline, while European equities headed for a fourth day of gains for the first time since October.

While February marked a fourth consecutive monthly slide for global stocks, signs that financial tension in China and a slump in commodities are abating has seen shares recover more than 5% since February 11.