News10NBC on Nostr: Stock market today: World stocks gain as China releases plan to finance share ...
Stock market today: World stocks gain as China releases plan to finance share buybacks
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World shares mostly gained on October 18, 2024, after China's central bank announced plans to support the stock market through share repurchases by companies and major shareholders; European markets opened higher with Germany's DAX up 0.2% to 19,623.37 and France's CAC 40 gaining 0.4% to 7,615.72; China's economy grew at a 4.6% annual pace in Q3 2024, down from 4.7% in Q2; the People's Bank of China issued guidelines for state banks to provide loans for stock repurchases at a maximum interest rate of 2.25%; Shanghai Composite index rose 2.9% to 3,261.56; U.S. stocks remained near record highs with the S&P 500 at 5,841.47 and Dow Jones at 43,239.05; U.S. retailers reported increased sales in September; bond market saw rising Treasury yields; crude oil prices remained stable.
#StockMarket #China #ShareBuybacks #EconomicGrowth #InterestRates #GlobalMarkets #UsEconomy #EuropeanMarkets #TreasuryYields #CrudeOil
https://www.whec.com/national-world/stock-market-today-world-stocks-gain-as-china-releases-plan-to-finance-share-buybacks/
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World shares mostly gained on October 18, 2024, after China's central bank announced plans to support the stock market through share repurchases by companies and major shareholders; European markets opened higher with Germany's DAX up 0.2% to 19,623.37 and France's CAC 40 gaining 0.4% to 7,615.72; China's economy grew at a 4.6% annual pace in Q3 2024, down from 4.7% in Q2; the People's Bank of China issued guidelines for state banks to provide loans for stock repurchases at a maximum interest rate of 2.25%; Shanghai Composite index rose 2.9% to 3,261.56; U.S. stocks remained near record highs with the S&P 500 at 5,841.47 and Dow Jones at 43,239.05; U.S. retailers reported increased sales in September; bond market saw rising Treasury yields; crude oil prices remained stable.
#StockMarket #China #ShareBuybacks #EconomicGrowth #InterestRates #GlobalMarkets #UsEconomy #EuropeanMarkets #TreasuryYields #CrudeOil
https://www.whec.com/national-world/stock-market-today-world-stocks-gain-as-china-releases-plan-to-finance-share-buybacks/