China's central bank has introduced new stimulus measures to combat deflationary trends and boost the economy. Charles Schwab's chief global investment...
China 's central bank has introduced new stimulus measures to combat deflationary trends and boost the economy. Charles Schwab 's chief global investment strategist Jeffrey Kleintop joins Catalysts to share his perspective on these initiatives.
II I think the fed paved the way for more stimulus from the People's Bank of China to cut rates without worrying about the currency today.You got multiple agencies involved in a rare live press conference with A Q and A session indicates a sense of urgency by China to support the economy. We saw that in May of this year but that rally fizzled out as details revealed that the plan just wasn't as big or broad as, as hoped as it was actually implement and funding sources were pretty scarce.Now, of course, a potential 20% market rally could boost China's consumer sentiment in the near term, but that might be offset by the continued way to the property market on confidence.
And you even saw French stocks up 1% today as investors factor in better maybe luxury good demand from Chinese consumers.OceanGate employee pushes back against idea of 'desperation' to complete missions
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