Stock markets surge after China cuts interest rates - live updates
Source: The Guardian
Chinas decision to cut interest rates, and the reserve requirements on its banks, is driving shares higher across Europe.
The main indices are roaring back and recovering most of Mondays losses, in a dizzying rally:
Wall Street is expected to rally too, after the Dow shed 588 points yesterday.
Read more: http://www.theguardian.com/business/live/2015/aug/25/asian-stock-markets-braced-for-steep-falls-after-wall-street-slump-live
FTSE (London): +208
DAX (Grankfurt): +413
customerserviceguy
(25,183 posts)Where the big boys dump their stuff, leaving Joe Everybody holding the bag on some 'bargain' stock.
GreatGazoo
(3,937 posts)Also leaves even less stabalizing options for the next egg-laying session
joshcryer
(62,276 posts)Pretty pathetic when Wall Street's biggest pumper and dumper says it's all a mirage.
mainer
(12,029 posts)So is it still China's fault that the stock market rebounded?
pampango
(24,692 posts)US GOOD" is the extent of his foreign policy.
wolfie001
(2,265 posts)"Those jobs aren't coming back".....maybe we should be using every method to bring them back. We have the green technology to do it. China's population is being poisoned. Both parties should make this "JOB 1" on their agendas.
turbinetree
(24,720 posts)ponzi scheme operates and "inside information."
Either by a communist government or by a free market capitalist................cut interest on government funds for borrowing but let the citizens pay the bank rate which is still high----------------look no further than the Libor / Treasury window rate companies such a banks got from this treasury department .01% for the last ten years or so, and what interest rates of "credit" the borrower had to pay-2.75% to 25% in the last ten years or so
And this is why a Defined Benefit Package from a employer is safer than the proverbial "401K" that has been touted by the same corrupt ponzi scheme banks and there lackeys as being responsible method of savings---------------------right--------------------I got a stock for you but first -----------let's play the cups and ball game shall we-----------------or play flip the coin--------------------------heads I win, tails you lose------same premise
treestar
(82,383 posts)so many DU posters were gleefully hoping for a recession.