Global Stocks Rally on Recovery Hopes and Vaccine News

Japan is planning new stimulus measures as it reopens its economy this week, and People’s Bank of China Gov. Yi Gang reiterated the central bank would be “flexible.” Futures on the S&P 500 and the Nasdaq Composite were up 1.8% and .6%, respectively. Spain said it would allow foreign visitors to travel to the popular holiday destination, as the U.K. announced the reopenings of the retail sector.