NEW YORK - Global stock markets rallied and China’s yuan posted its biggest gain since December on Monday as investors bet the Chinese economy would boost global growth even as surging coronavirus cases delayed business re-openings across the United States.
A Chinese economic revival bodes well for Australia and Europe, which count Beijing as their biggest trading partner. “The only caveat is that China’s economy is not driven purely by free-market forces. But if regulators in China are engineering a stronger equity market, it can still feed through to the rest of the world.”
Chinese blue chips jumped 5.7% on top of a 7% gain last week to their highest in five years. Even Japan’s Nikkei, which has lagged due to a soft domestic economy, rose 1.8%. A slew of upbeat U.S. data, including a record rise in June payrolls last week, has powered the Nasdaq to fresh all-time highs and lifted stock markets around the world on recovery hopes.
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Global Stocks Jump, Led by Surge in Chinese MarketsInternational stocks and U.S. futures rallied on hopes for a strong recovery from the coronavirus pandemic and a signal from Chinese state media suggesting investors should support a local bull market. The free market will always reveal truth. The propaganda is failing. Cazino never sleeps
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JPMorgan: Why record debt will boost global stocks and bonds - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Until they start taking about a debt deflation bubble. 🙃🙃
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Stocks in Europe rally on economic optimismEuropean stocks rose Monday, as signs of economic progress offset worries about growing coronavirus cases in the U.S. as well as India. come on...you can't be serious with this headline...
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