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Hong Kong Stock Market Surges as Tencent Gains, LI AUTO-W Declines /
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2024-07-09 23:58:57

Hong Kong Stock Market Surges as Tencent Gains, LI AUTO-W Declines on Nostr: China Stocks Eye Gains; S&P 500 Steady On Powell: Markets Wrap =============== ...

China Stocks Eye Gains; S&P 500 Steady On Powell: Markets Wrap
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#133aea61 ver:1.63

Global stock markets rally as softening economic data and expectations of rate cuts by central banks fuel investor optimism. S&P 500 and Nasdaq reach new highs, while Asian markets also see gains. Euro strengthens against the dollar, while the pound enjoys support ahead of UK general election. Expectations of rate cuts in the US and Europe drive bond yields lower. However, political uncertainties in France and the UK may temper the rally. US earnings season set to begin, with banks expected to report decline in profits. China-related shares expected to gain ahead of key economic data. #StockMarket #RateCuts #EarningsSeason...

#newstr #UsEconomicData #Earnings #StockMarket #InvestorSentiment

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