indexes rose 0.7% and 0.3%, respectively, after the People’s Bank of China cut rates on its medium-term loans.
The move follows a cut in the bank’s short-term loan rates earlier this week, and potentially heralds a cut in the PBOC’s benchmark next week, unlocking more liquidity in the Chinese economy as the government looks to spruce up a slowing economic recovery.
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:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks buoyed by chipmakers as Fed, CPI data loom By Investing.com⚠️BREAKING: *ASIA STOCKS END HIGHER AS JAPAN'S NIKKEI CLOSES AT NEW 33-YEAR PEAK 🇯🇵🇦🇺🇨🇳🇭🇰🇰🇷🇮🇩🇮🇳
Source: Investingcom - 🏆 450. / 53 Read more »
Asian stocks rise on Fed pause bets, Japanese shares at 33-year highs By Investing.com⚠️BREAKING: *ASIA STOCKS RISE ON FED PAUSE BETS, JAPAN'S NIKKEI JUMPS TO ANOTHER 33-YEAR HIGH 🇯🇵🇦🇺🇨🇳🇭🇰🇰🇷🇮🇩🇮🇳
Source: Investingcom - 🏆 450. / 53 Read more »
Asian Stock Market: Sentiment dwindles amid Fed’s hawkish halt, downbeat China dataAsian Stock Market: Sentiment dwindles amid Fed’s hawkish halt, downbeat China data – by anilpanchal7 Asia RiskAversion Fed Macroeconomics Recession
Source: FXStreetNews - 🏆 14. / 72 Read more »