A look at the day ahead in U.S. and global markets from Dhara Ranasinghe
China appears to be waking up to the need to restore confidence in the world's number two economy, bringing respite to battered domestic equity markets.
The country's central bank will cut the amount of cash that banks must hold as reserves from Feb. 5, the first such cut for the year, as policymakers extend efforts to shore up a fragile economic recovery.
An additional supplemental stimulas program valued at US $268 Billion will further be announced.
As I wrote last week, this expected stimulus will take affect the week of February 5, 2024.
This is a big amount for China, and should have the effect of improving consumer purchases and exports. This is the RE price stability/boost we have been hoping for.
This was predictable, but VERY good news. GLTA
A look at the day ahead in U.S. and global markets from Dhara...
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Last
$7.10 |
Change
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| Open | High | Low | Value | Volume |
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| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Change
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