Stocks Slip as China Buoyed by Stimulus Rally
The People's Bank of China followed its announcement of wide-ranging policy easing on Tuesday with a cut to medium-term lending rates to banks on Wednesday. Beijing's broad-based stimulus - the biggest since the pandemic - also includes steps to boost China's stock market and support for the ailing property sector.
European shares slip as China-fuelled rally loses steam
European shares opened lower on Wednesday as a rally sparked by China's stimulus package lost steam, while falls in technology and oil stocks also added to the losses.
European Shares Inch Higher On China Stimulus
European stocks traded higher on Tuesday after China unleashed a swath of stimulus measures including cuts to its benchmark interest
European luxury stocks surge on China’s new, far-reaching stimulus package
People’s Bank of China governor Pan Gongsheng unveiled the stimulus package at a press conference on Tuesday, during which he announced a 50 basis point interest rate cut and new support for China’s housing and equity markets.
European Shares Advance Toward Record on China Stimulus Boost
European stocks climbed back toward a record high, lifted by a fresh wave of stimulus from China to revive its economy.
European markets open lower as China stimulus rally fades
European stocks were lower Wednesday morning, paring gains from the previous session on the back of Chinese stimulus measures.
Futures Slip as Investors Await Economic Data, Fed Rate Clues
(Reuters) - U.S. stock index futures slipped on Wednesday, with investors avoiding big bets as they awaited more clues on the ...
Stock Market Today: Stocks slip as rate cut bets put growth in focus
Stocks are trading near record highs Wednesday, but the key driver of rate cuts is weighing on risk sentiment.
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