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Japan Slumps, Property Aid Boosts Chinese Stocks: Markets Wrap.

Authors :
Bosley, Catherine
Kirakosian, Margaryta
Source :
Bloomberg.com; 10/1/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

European stocks had a slow start to the week due to profit warnings from automakers, which offset the positive impact of China's economic stimulus measures. The Stoxx 600 struggled to make progress, with Stellantis NV, Aston Martin Lagonda Global Holdings Plc, and Volkswagen AG all experiencing declines. In contrast, China's CSI 300 Index saw a significant jump after three major cities relaxed rules for homebuyers and the central bank lowered mortgage rates. The measures also led to outperformance among European mining stocks. Additionally, political developments in Europe and tensions in the Middle East were noted as potential risks. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
180032347