ELECT 24 Top Ad

Overseas Trading: China Rate Cut Lifts European Markets

Following another brutal day for Chinese stocks, the People's Bank of China (PBOC) cut interest rates

Aug 25, 2015 at 8:22 AM
facebook X logo linkedin


It was a mixed finish in Asia, though the losses were far more severe than the wins. China's Shanghai Composite plunged another 7.6%, just a day after its 8.5% plunge rattled global markets. After the close of trading, the People's Bank of China (PBOC) cut interest rates for the fifth time since November, and lowered banks' minimum reserve requirements.

Elsewhere, Japan's Nikkei reversed early gains to slump nearly 4%, as a stronger yen weighed on exporters and continued weakness in oil prices pressured energy names. On the other side of the coin, Hong Kong's Hang Seng added 0.7%, while cooling tensions with Pyongyang propelled South Korea's Kospi to a 0.9% advance.

The PBOC's interventions are boosting European markets at midday. Germany's DAX is 4.4% higher after a stronger-than-forecast Ifo business climate index. Elsewhere, London's FTSE 100 is up 3.3% -- on track for its first daily win in 11 -- and France's CAC 40 has soared 4.4%.

150825overseas

 

Biden’s government just announced a new government "stimulus program"...

And it could hand you a payment for as much as $7,882 — each quarter.

See, it has to do with a recent 19-page memo from Biden’s office...

Directing the government to once again send a form of "stimulus payments" to the mailboxes of Americans during these difficult times.

Better still, you can collect these payouts every single quarter — for life...

Payments run as high as $7,882... And it only takes five minutes to sign up.

I call this the "Stimulus Stipends" program…

And Forbes recently declared that you can "retire rich" thanks to this program.

So if you want to start cashing in your quarterly payouts — courtesy of the U.S government...

Discover how to receive your FIRST "Stimulus Stipends" payment for up to $7,882 here. 
 (ad)
 

election 2024 report

                                                  AD                                                  
best AI trade you can make today…?
(it’s not MSFT, GOOGL, AMZN or AAPL)

                                                  AD                                                  

 
 

VOLATILITY SCORECARD

 


                                               AD                                                    
Crazy Opportunity!! Tiny AI Stock just $3
“This Type of AI Will Be Worth “Ten MSFTs.”

                                               AD                                                    

 
4 AI STOCKS TO BUY NOW
 

                                                  AD                                                  
best AI trade you can make today…?
(it’s not MSFT, GOOGL, AMZN or AAPL)

                                                  AD