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Asia stocks jump as China, Europe step up stimulus
Asia stocks jump as China, Europe step up stimulus

By Wayne Cole SYDNEY (Reuters) - Asian share markets were broadly higher on Monday as the prospect of further policy stimulus in China and Europe whetted risk appetites while sending the euro skidding. The single currency was near 28-month lows having shed 1.2 percent on Friday when European Central Bank President Mario Draghi surprised by declaring his commitment to fighting deflation. That came hot on the heels of an unexpected cut in interest rates from the People's Bank of China, and sources told Reuters Beijing was ready to ease further to head off slowing inflation. "China's rate cut adds to the determination of global policy makers to avoid deflation and support...

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