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.
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.
Source: Investingcom - 🏆 450. / 53 Read more »