The People’s Bank of China (PBoC) has unveiled a stimulus package aimed at boosting economic growth. Key measures include a cut in the 7-day repo rate, a reduction in the required reserve ratio (RRR), and support for the mortgage market and property sector. Asian and European stock markets have reacted positively to the stimulus as […]
The post China Slashes Rates – Stimulus Package by PBoC Welcomed by Markets appeared first on Action Forex.
One of the best not-so-hidden secrets to elevating one’s airport experience is to gain access to a lounge. Instead of crowding around the gate, one can enjoy drinks and a buffet of foods through either Read more…
US Conference Board Consumer Confidence Index experienced a sharp drop in September, falling from 103.3 to 98.7, significantly below market expectations of 103.5. This marks the largest decline in consumer confidence since August 2021. Present Read more…
Markets A barrage of Chinese monetary stimulus measures lifted the likes of the CSI 300 with more than 4% and jumpstarted European dealings too. The EuroStoxx50 rose as much as 1.4%, lead by consumer discretionary/luxury Read more…