European stocks seen as a move for China to boost growth

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European equities will be more on Tuesday after the central bank of China has replenished the financial system with liquidity to reduce the amount of cash that banks hold as reserves, support growth and reduce corporate funding costs. May open high.

Meanwhile, new data show that China’s export growth set a new record in November, but faced pressure from the appreciation of the yuan, weakening demand and rising costs. Import growth is accelerating, far higher than expected, demonstrating stronger domestic economic activity.

Asian market Widespread benefits have been seen as the anxiety about the latest coronavirus has eased.

The Treasury has stabilized after the fall and the dollar has risen, but oil has continued to rise after rising nearly 5% overnight as Iran’s nuclear negotiations hit obstacles.

Germany’s industrial production and economic confidence, as well as the revised quarterly national accounts for the euro area, are scheduled for the second half of the session, celebrating a busy day for European economic news.

Beyond the Atlantic, news about Omicron’s fronts can affect emotions, along with reports on US trade deficits and labor productivity and costs.

US strains showed a strong upward trend overnight, hoping that the latest Covid-19 mutants would prove less toxic than previous strains.

The Dow surged 1.9%, the tech-heavy Nasdaq Composite index rose 0.9%, and the S & P 500 rose 1.2%.

European strains also rose on Monday after early reports suggested that the Omicron subspecies showed mild symptoms.

The Pan-European STOXX 600 rose 1.3%. Germany’s DAX rose 1.4%, while the UK’s FTSE 100 and France’s CAC 40 index both rose about 1.5%.

Contact for comments and feedback: editorial@rttnews.com

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European stocks seen as a move for China to boost growth

Source link European stocks seen as a move for China to boost growth

The post European stocks seen as a move for China to boost growth appeared first on Eminetra.

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