Morning Bid: Stocks at record peaks on stimulus hopes

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Morning Bid: Stocks at record peaks on stimulus hopes

The prospects for both big fiscal spending and continued monetary easing in the world's biggest economy make for a powerful cocktail, emboldening global stocks to end on a high note after a wild week.

Even a market you might expect to be languishing under the weight of Donald Trump's proposed tariffs - China - is doing nothing of the sort. Chinese blue chips are up close to 6% this week, with more than half of that coming on Thursday, perhaps on expectations of a Beijing stimulus bazooka to counter the impact of any trade war.

The Standing Committee of China's National People's Congress wraps up its week-long session in the Beijing evening with a news conference that could pump up - or pop - expectations.The FTSE has sagged this week, particularly on Thursday after the Bank of England signalled the risk of higher inflation, slowing the likely pace of interest rate cuts.

Scholz's awkward three-way coalition fell apart on Wednesday after he sacked finance minister Christian Lindner of the fiscally conservative Free Democrats at the culmination of long-running budget disputes.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 450. in BUSİNESS

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.

Morning Bid: Navigating US election, Fed, bond market tumultMorning Bid: Navigating US election, Fed, bond market tumult
Source: Investingcom - 🏆 450. / 53 Read more »