Shares surge as optimism returns to the markets - business live

Discussion in 'Market News' started by Lily, Mar 2, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    All the day’s economic and financial news, as markets rally in Asia and Europe

    7.37am GMT

    China’s stock market has posted its best day since November, despite credit rating agency Moody’s threatening to downgrade the country’s credit rating.

    The Shanghai Composite has just closed 4% higher, amid hopes that Beijing policymakers will take more steps to stimulate the economy.

    “The government’s ability to absorb shocks has diminished and we want to signal this in the negative outlook.”

    7.25am GMT

    A stunning session in Asia has sent Japan’s Nikkei index surging by 4%.

    A burst of renewed confidence helped investors to drive the Tokyo market up to its highest level since 8 February.

    “Following the selloff and the fears of recession that emerged early in the new year, people pulled back aggressively from their previous expectations about how a rate hike from the Federal Reserve might unfold,

    “Suddenly some of this lost confidence has been restored as we’ve seen a lot of recent economic data from the U.S. beating expectations.”

    7.12am GMT

    Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

    Our European opening calls:$FTSE 6211 up 58
    $DAX 9839 up 121
    $CAC 4461 up 54$IBEX 8706 up 95$MIB 18210 up 198

    Continue reading...

Share This Page

free forex signals