NEW YORK, Sept 24 - A global stock index rose to a record high and copper prices hit their strongest level in 10 weeks on Tuesday after China unveiled stimulus measures to support its economy.
The S&P 500 moved lower after data showed U.S. consumer confidence unexpectedly fell in September amid mounting worries over the health of the labor market. But the index was last up slightly. Earlier, the blue-chip CSI300 index , and the Shanghai Composite index , surged, while Hong Kong's Hang Seng Index , umped to a four-month high.
U.S. rate futures have priced in a 56.5% chance of another super-sized rate cut of 50 bps at the November meeting, with a 43.5% odds of the more standard 25 easing.Three-month copper on the London Metal Exchange climbed by 2.9% to $9,822 a metric ton by 1515 GMT after hitting its highest since July 15 at $9,825.Risk appetite improved after China's stimulus measures.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks mixed after Wall Street extends losses as technology and energy stocks fallHONG KONG (AP) — Asian markets were mixed Thursday following a global sell-off a day earlier, as Wall Street declined in the technology, energy and other...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Premarket: World stocks mixed after Wall Street extends losses as technology and energy stocks fallSeveral other reports this week will help give a clearer picture of the economy for the Fed and Wall Street
Source: globeandmail - 🏆 5. / 92 Read more »
Why software stocks are outperforming chip stocksYahoo Finance markets and data editor Jared Blikre takes a look at broader market trends as stocks continue their rally. This ongoing rally was sparked by...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Emerging Market Stocks Drop as Data Stokes China Economy Jitters(Bloomberg) -- Emerging-market stocks declined on fresh signs of economic troubles in China in a session marked by low liquidity with the US market closed...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Asian Stocks Poised to Fall as China Economic Worries GrowConcerns over the health of the Chinese economy are driving Asian stock markets lower on Monday, while US equity futures remain steady. Factors contributing to the bearish sentiment include government spending cuts in China, a rising youth unemployment rate, and potential new US regulations banning Chinese hardware and software from connected vehicles.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
China's stimulus package lifts luxury stocksThe People's Bank of China has announced a new stimulus package designed to reinvigorate the nation's economy. This news has sparked a widespread rally in...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »