Good morning from the newsroom of the Financial Times.

Today is Tuesday, March 3rd, and this is your FT news briefing.

Weimo raises billions of dollars of outside investment

to fuel its self-driving car ambitions.

And the UK kicked off high stakes trade talks with the European Union yesterday.

But first, US stocks showed signs of a rebound on Monday,

with investors putting their hopes in central banks to offset the effects

of the economic impact of the global coronavirus outbreak. We'll hear from U.S. markets reporter

Colby Smith. I'm Mark Filipino and here's the news you need to start your day.

After seven straight days of losses we actually saw stocks gain quite dramatically so the Dow was up about 5%.

S&P 500 also gained nearly as much, NASDAQ rose as well.

So across the board we saw gains and that was an impressive turnaround from a few days or a week really of losses here.

And at the same time you had 10-year Treasury yields close in on 1% and that's never happened. It's never breached that 1%

level. So investors in strategists were looking at that figure pretty closely, but

again we didn't hit that 1% level.

And what did investors see on Monday that

caused such a drastic change from the prior week?

So it all really boils down to Central Banks.

There's been increased expectation that the Fed and other central banks around the world

are going to step in to help shore up the global economy in the face of this escalating outbreak

here.

Now central banks and finance ministers from G7 countries are meeting on Tuesday morning in order to discuss how to manage the situation in some capacity and markets are expecting something like a 50 basis point cut from the Federal Reserve in March at its March meeting,

...