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Stock market today: Asian shares extend gains after China-driven rally

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Consumer Confidence,Oil Prices

A China-led rally faded Wednesday, leaving Asian shares mixed after a strong start that extended gains overnight on Wall Street.

the day before aimed at reviving the housing market after a prolonged downturn. That news also boosted prices for oil, copper and other commodities.

“Chinese policymakers are throwing everything they’ve got to fight off deflation and breathe life into growth. Will it work long-term? Who knows,” Stephen Innes of SPI Asset Management said in a commentary.Australia's S&P/ASX 200 slipped 0.2% to 8,126.40. 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.

Labour conference live: Pressure on Starmer as he faces union vote to reverse ‘cruel’ winter fuel payments cutSteve Cooper, the under-fire Leicester City manager, escaped a confrontation with a pitch invader on Tuesday thanks to a quick-thinking Walsall player who floored a fan who was making a beeline for the away dugout.BBC star Gabby Logan sparked a reaction on Wednesday when she shared an ultra-rare photo of her daughter Lois in an emotional family update.

A serious part of Liverpool’s future-proofing strategy of recent years has been to attract some of the best young talent from around the world into the club’s academy.Calvin Ramsay from Aberdeen, ...BP scouts for opportunities in India, to hold board meeting

 

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