Premarket: World stocks gain on hopes of central bank stimulus

This translation has been automatically generated and has not been verified for accuracy.Global stock markets gained on Monday as investors pinned their hopes on stimulus that’s expected from the world’s central banks to support slowing growth.

The data were a positive surprise in largely gloomy readouts from major economies since Friday, which heightened expectations of stimulus from central banks. “If all the currently proposed tariffs are implemented, we foresee that growth in the first half of next year will slow toward the brink of a recession,” said Mark Haefele, chief investment officer at UBS Global Wealth Management.

The dollar was 0.02% higher against a basket of currencies. It traded at 106.940 yen, off the one-month peak of 107.235 scaled late last week.

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Five things to watch for in the Canadian business world in the coming weekStatistics Canada will release its latest reading on household debt in its national balance sheet and financial flow accounts report on Friday. The report includes the much-watched household debt-to-income ratio. Household debt is not going to improve despite all the photo ops done by the Liberals! Housing prices are still 55K higher than when the Liberals took office. The Liberal ponzi scheme for mortgages will not fix the systemic issues with real estate!
Source: CTVNews - 🏆 1. / 99 Read more »