Aug 28 - European shares advanced on Monday, with technology stocks leading gains following an upbeat close on Wall Street and a rise in China-exposed industrials after Beijing announced measures to aid its ailing stock market.Technology stocks advanced 1.1%, their first climb in three sessions, tracking an overnight rally on Wall Street after U.S. Federal Reserve Chair Jerome Powell's remarks at the Jackson Hole symposium on Friday.
China-linked sectors such as automakers and industrials added 0.4% and 0.7%, respectively, after the country's finance ministry said on Sunday it was reducing the 0.1% duty on stock trades"to invigorate the capital market and boost investor confidence." Latvian policymaker Martins Kazaks said on Saturday it may be too early for the ECB to pause interest rate hikes now.A survey showed the mood among German exporters further clouded over in August although there were signs of improvement in the beleaguered chemicals sector.
French Finance Minister Bruno Le Maire also voiced similar concerns, saying that he does not expect interest rates to go down in the months ahead.
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:
Nigeria Nigeria Latest News, Nigeria Nigeria 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 »
China Cuts Stock Trade Tax, Tightens IPOs to Boost Market(Bloomberg) -- China lowered the stamp duty on stock trades for the first time since 2008 and pledged to slow the pace of initial public offerings, among a slew of new measures to woo investors back to its flagging equities market. Most Read from BloombergMarkets Ready for Swings After High-Rates Mantra of Jackson HoleTwitchy Traders Have S&P 500 Comebacks Fizzling at Historic PaceTrump Doesn’t Look So Invincible in Post-Debate PollsChina Cuts Stock Trade Tax, Tightens IPOs to Boost MarketThree
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Factbox-How China is trying to boost its stock market(Reuters) - China is launching a campaign to revive a lagging stock market, and boost investor confidence in an ailing economy. A slew of measures ...
Source: SaltWire Network - 🏆 45. / 63 Read more »
China approves 37 retail funds to help revive marketSHANGHAI (Reuters) - China's securities regulator approved the launch of 37 retail funds over the weekend, part of government efforts to revive a stock ...
Source: SaltWire Network - 🏆 45. / 63 Read more »
Industrial Metals Rise on Hopes China to Bolster Property MarketBase metals rose on the Shanghai Futures Exchange after China’s state-owned media said Beijing authorities are set to implement measures to bolster its stock and property markets.
Source: BNNBloomberg - 🏆 83. / 50 Read more »