China central bank cuts medium-term loan rate
China’s central bank lowered the cost of its medium-term loans to banks on Wednesday in a move consistent with broad policy easing measures announced a day earlier to shore up a flailing economy.
September 25, 2024
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Euro firms against dollar, yuan jumps on China’s stimulus boost
The euro rose slightly against the dollar on Wednesday while the yuan hit its strongest level in over a year, as China’s aggressive stimulus package provided the latest shot in the arm for risk appetite.
Oil steady as investors gauge impact of China’s stimulus to boost demand
Prices rose by about 1.7% on Tuesday after China announced its most aggressive economic stimulus since the COVID-19 pandemic, with interest rate cuts and government funding.
Bitcoin price today: rises to $64k as rate cut cheer persists
Bitcoin’s price rose on Wednesday as persistent cheer over global monetary easing spurred more flows into risk-driven assets, with the world’s biggest cryptocurrency now in sight of a major breakout.
European shares flat as China-fuelled rally loses steam
European shares pared some losses on Wednesday, supported by a rise in basic resources, even as a rally stimulated by China’s stimulus package showed signs of slowing down.