Stock market today: World shares waver as China-led rally fades

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A brief China-led rally has faded, leaving shares in Europe and Asia mixed after a strong start that extended overnight gains on Wall Street. U.S. futures and oil prices were lower. Markets had surged Tuesday after Beijing announced a flurry of measures aimed at reviving the housing market after a prolonged downturn.

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Germany’s DAX lost 0.4% to 18,915.00 and the CAC 40 in Paris shed 0.5% to 7,563.77. In London, the FTSE 100 edged 0.1% higher, to 8,290.08.In Asian trading, Hong Kong’s Hang Seng index rose 0.7% to 19,129.10 after jumping 1.8% earlier in the day and gaining more than 4% the day before. The Shanghai Composite index was 1.2% higher at 2,896.31.

about the job market. Their overall confidence level sank in September, according to the Conference Board, instead of rising like economists expected. That’s a big deal because spending by U.S. consumers is the heart of the U.S. economy., which helps companies manage projects and automate workflows. It rose 6.5% after Blackstone and Vista Equity Partners agreed to buy it in an all-cash deal valued at $8.4 billion.

Lower interest rates can give the economy a boost by making it less expensive to borrow money to buy a car, house or things on credit cards. They also tend to raise prices for all kinds of investments.

 

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