What caused global stock and oil markets to rebound?

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Global Stock and Oil Markets Rebounded Due to Anticipated US Economic Stimulus Measures

Global stock and oil markets experienced a rebound, recovering from significant losses suffered on Monday. This recovery was driven by expectations of substantial economic stimulus measures being introduced by the United States. The markets had previously seen their largest one-day decline in over a decade, but the prospect of US intervention provided a catalyst for renewed investor confidence.
Anticipation of US Economic Stimulus

The primary driver for the market rebound was the expectation that the US would implement significant economic stimulus packages. While the specific details of these measures were not fully elaborated upon, the mere anticipation of such action appeared to be sufficient to reverse the negative market sentiment that had dominated the previous day.
Significant Market Losses Preceded Rebound

Prior to this recovery, global financial markets had endured a severe downturn. On Monday, both stock and oil prices experienced their most substantial single-day losses in more than a decade. This sharp decline underscored the widespread concern and uncertainty gripping investors amidst the evolving global situation.
Broader Context of Global Economic Concerns

The market movements occurred against a backdrop of escalating global concerns, including the increasing death toll from the novel coronavirus in Italy, which recorded its deadliest day. Furthermore, neighbouring countries were implementing border closures and travel restrictions, reflecting a broader pattern of economic disruption and heightened risk aversion across various regions.

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What caused global stock and oil markets to rebound?

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