Shares were higher on the Divide Fed, China’s PMI data

European stocks were lower on Monday as U.S. Monetary policy signals boosted global risk assets.

As most major European bourses were higher as global market players relied on supportive monetary policy measures, stocks would rebound despite the economic damage to the coronavirus epidemic.

Last week, the Fed, which has cut interest rates to zero and an open-end asset-buying program to support the economy, drafted an inflation policy framework that would cut rates further.

In the UK, markets were closed on Monday due to a bank holiday.

Asia-Pacific markets were large on Monday, with Japanese stocks rallying in search of a replacement for longtime Prime Minister Shinzo Abe. News that Warren Buffett’s Berkshire Hathaway has bought stakes in five leading Japanese trading companies that also helped sentiment. The deal is seen as a long-term bet on the global economy.

Investors are still watching the development of the coronavirus as global cases surpassed 25 million on Sunday. According to Johns Hopkins University, the U.S., Brazil and India have the highest rates of infection, while U.S. million million is off.

In corporate news, Swiss food and drink giant Nestle said it was looking for a U.S.-based company. The peanut allergy treatment manufacturer is buying Immune Therapeutics, which will strengthen its health science portfolio. Shares of Nestle rose marginally on Monday morning.

Shares of Telecom Italia rose 2.3% on Monday. The Italian state-backed telecommunications company is close to agreeing a landmark deal with US fund KKR that could lay the groundwork for a plan to create a single ultrafast broadband network.

According to the data, German inflation figures are the final reading for 9 a.m. London time, as well as for Italy’s second quarter gross domestic product (GDP) growth.