Asia stocks make cautious gains as weak data boosts stimulus hopes

Global equity markets received a lift after China’s central bank said on Friday it was cutting the amount of cash that banks must hold as reserves, releasing liquidity to shore up a slowing economy dogged by the Sino-U.S. trade conflict.

Broader stock market gains were tempered in the wake of lackluster economic data - U.S. job growth slowed more than expected in August - although even this was seen as a positive factor for equities. Buoying market confidence on Monday were expectations the European Central Bank would cut interest rates on Thursday in one of the week’s key events.

The dollar was capped as U.S. yields came off two-week highs after Friday’s soft U.S. jobs report heightened expectations for a Fed rate cut.The euro was steady at $1.1022

How is this normal?

Everyone still wants a bailout... MAGA

👍🏻

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

L.A. Farmers Market Guide: A small forest of organic Asian greensYao Cheng Farm in Camarillo brings organic leafy greens, great for stir-frying, plus papayas, yellow watermelons and other vegetables to local farmers markets.
Источник: latimesfood - 🏆 699. / 51 Прочитайте больше »

Asia stocks set to trade mixed as China's exports to the US fallChinese customers data showed the country's exports unexpectedly fell in August, pointing to further weakness in the world's second-largest economy. lets tax ourselves more!
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »