A look at the day ahead in European and global markets from Wayne Cole Chinese blue chips were enjoying a rare rally on Monday after Beijing rolled out ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSA look at the day ahead in European and global markets from Wayne Cole
While hardly the sort of massive fiscal stimulus investors crave, it was welcome that Beijing at least understood that assistance was needed, and stocks gained around 2.5%. If sustained that would be the second-biggest daily gain this year, which just goes to show how moribund the market has been. All of which is happening as U.S. Commerce Secretary Gina Raimondo starts three days of talks with Beijing aimed at boosting business ties between the world's two largest economies.
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Marketmind: Beijing tries new ways to lift moribund marketsChinese blue chips were enjoying a rare rally on Monday after Beijing rolled out more measures to support the market. These included halving the stamp duty on stock trading, slowing the pace of new offerings and approving the launch of 37 retail funds to invest in stocks. While hardly the sort of massive fiscal stimulus investors crave, it was welcome that Beijing at least understood that assistance was needed, and stocks gained around 2.5%.
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Marketmind: Data, policy, diplomacy - China in focus againBy Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. As the week gets underway, ...
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Dutch Foreign Minister to Interview for EU Commission Post(Bloomberg) -- European Commission President Ursula von der Leyen will interview Dutch Foreign Minister Wopke Hoekstra for a top job on the European Union’s executive body.
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US Commerce chief seeks trade, tourism boost in China talksBy David Shepardson BEIJING (Reuters) - U.S. Commerce Secretary Gina Raimondo arrives in Beijing on Sunday for a four-day visit aimed at boosting ...
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US Commerce chief seeks trade, tourism boost in China talksBEIJING (Reuters) -U.S. Commerce Secretary Gina Raimondo arrived in Beijing late on Sunday for a four-day visit aimed at boosting business ties between the world's two largest economies while declaring American national security trade measures off-limits for debate. 'If you wanted to put a tagline to the trip and the mission, it’s protect what we must and promote where we can,' Raimondo told reporters on Friday before departing for China. Relations are tense as the United States works with allies to block China's access to advanced semiconductors, while Beijing is restricting shipments from prominent chip company Micron Technology and raided and fined U.S. firm Mintz Group $1.5 million for doing 'unapproved statistical work.'
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Asia shares edge higher, data-packed week aheadBy Wayne Cole SYDNEY (Reuters) - Asian shares crept higher on Monday as China announced new measures to support its ailing markets, though the mood was ...
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