News Formal

Premarket: World stocks higher as China boost lingers for now

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 92%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

China’s recent efforts to shore up markets underpin sentiment on global markets

World stocks rallied on Monday, with sentiment supported by China’s efforts to shore up its battered markets and lift confidence towards the world’s No.2 economy.

Beijing at the weekend introduced a slew of measures to shore up the market, such as halving stock trading stamp duty, loosening margin loan rules and putting the brakes on new listings. “September will reveal the true underlying sentiment in markets,” said Nordea chief markets strategist Jan von Gerich.

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:

 /  🏆 5. in CA
 

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

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China Cuts Tax on Stock Trading to Boost Market ConfidenceChina lowered the stamp duty on stock trades for the first time since 2008, marking a major attempt to restore confidence in the world’s second-largest equity market.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

China halves stamp duty on stock trades to boost flagging marketBEIJING (Reuters) - China halved the stamp duty on stock trading effective Monday in the latest attempt to boost the struggling market as a recovery ...
Source: SaltWire Network - 🏆 45. / 63 Read more »