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2 posters

Markets Rebound As China Cuts Interest Rates

nihal123

nihal123: Top contributor; Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga

Post n°1

Markets Rebound As China Cuts Interest Rates

by nihal123 Tue Aug 25, 2015 10:47 pm

Markets Rebound As China Cuts Interest Rates
By TOMMY STUBBINGTON

Updated Aug. 25, 2015 12:30 p.m. ET
48 COMMENTS
Global stocks rallied Tuesday, as Beijing cut interest rates following another sharp drop in Chinese markets.

U.S. stocks climbed, echoing an earlier rally in Europe. The Dow Jones Industrial Average was up 406 points, or 2.6%, at 16278 in morning trade. The S&P 500 rose 50 points, or 2.7%, to 1944.

Markets in Europe had extended early gains after China’s central bank cut interest rates by one-quarter of a percentage point, reassuring investors that Beijing is prepared to take fresh measures to boost the economy. The People’s Bank of China also reduced bank-reserve requirements by half of a percentage point, effectively adding 678 billion yuan (about $106 billion) to the Chinese economy.

see more details
http://www.wsj.com/articles/signs-of-stability-in-global-markets-despite-chinese-stocks-tumbling-again-1440488999

nihal123

nihal123: Top contributor; Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga

Post n°2

Re: Markets Rebound As China Cuts Interest Rates

by nihal123 Tue Aug 25, 2015 10:51 pm

Copper, Aluminum Close at Lowest Levels Since 2009

By ESE ERHERIENE
Updated Aug. 24, 2015 1:43 p.m. ET
LONDON—Copper and aluminum futures closed at more-than-six-year lows in London on Monday, as a sharp decline in Chinese equities triggered a broad-based commodities rout over fears that the world’s biggest consumer of base metals is heading into a steeper-than-expected economic slowdown.

http://www.wsj.com/articles/base-metals-plunge-to-new-multi-year-lows-1440418645