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 Governor Yi Gang reiterated the central bank would be “flexible.” 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, with car dealerships opening at the beginning of June and nonessential retailers opening in the middle of the month.