Markets around the world kicked off a good start to the new year.
Global stocks rallied to begin the new year on Thursday, ensuring that the gains from late 2019 continue for now, thanks to renewed optimism over global trade and Chinese economic stimulus.overnight that it was lowering the amount of cash that banks are required to hold—the eighth time doing so since 2018, which will free up almost $115 billion for lending to boost the Chinese economy.
That helped the stock markets in Shanghai and Hong Kong rise on Thursday, by nearly 1.2% and 1.3% respectively. The Chinese stimulus was also a boost for European firms who export to China: Stocks were broadly higher—also thanks to better than expected manufacturing data—with the Stoxx Europe 600 and the U.K.’s FTSE 100 both rising 1%, while the French CAC 40 rose 1.3%.
With China taking action to follow through on its promises to boost economic growth in 2020, that’s also combining with renewed global trade optimism—especially between the U.S. and China—to kickstart global stock markets in the new year.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global markets mostly higher on optimism about US-China dealGlobal shares are mostly higher on optimism about a U.S.-China trade deal as regional markets open for the new year's first day of trading
Read more »
The stock market boom may just be getting started — Citi sees 90% odds that equities will rip higher in 2020 | Markets InsiderStocks may have room to rally in 2020. Citi's US equity strategist told Bloomberg TV that the bank's model was 'generating a near 90% probabilit...
Read more »
Global Stocks Launch Higher After Chinese Easing MoveGlobal stock markets got off to a strong start on the first trading day of the year after China’s central bank announced a fresh dose of monetary policy easing.
Read more »
Global air crash deaths fall by more than half in 2019Number of deaths in major air crashes around the globe fell by more than half in 2019, according to report.
Read more »
5 things to know before the stock market opens on the first trading day of 2020U.S. stock futures pointed to a strong start to the first trading session of 2020 as Wall Street carried its momentum from 2019.
Read more »