China stocks soar on stimulus, but US and Europe retreat
==========
Chinese stocks surged over 8% on October 1, 2024, following new economic stimulus measures, marking their best day since 2008; US and European stocks retreated due to profit warnings from Stellantis and Aston Martin, with Stellantis shares down 14.7% and Aston Martin down 23%; US labor market data, including nonfarm payrolls on October 4, 2024, will be closely monitored for potential interest rate cuts; ECB's Christine Lagarde noted inflation slowdowns in the EU, hinting at a possible rate cut in October; Tokyo stocks fell nearly 5% amid expectations of a strong yen under incoming PM Shigeru Ishiba; analysts express caution as major indices approach all-time highs.
#China #Stocks #Stimulus #Us #Europe #Inflation #InterestRates #AstonMartin #Stellantis #Tokyo
https://www.macaubusiness.com/china-stocks-soar-on-stimulus-but-us-and-europe-retreat/
Macau Business /
npub1d8…pu5nv
2024-09-30 17:56:49
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wss://relay.damus.ioPublished at
2024-09-30 17:56:49Event JSON
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"content": "China stocks soar on stimulus, but US and Europe retreat\n==========\n\nChinese stocks surged over 8% on October 1, 2024, following new economic stimulus measures, marking their best day since 2008; US and European stocks retreated due to profit warnings from Stellantis and Aston Martin, with Stellantis shares down 14.7% and Aston Martin down 23%; US labor market data, including nonfarm payrolls on October 4, 2024, will be closely monitored for potential interest rate cuts; ECB's Christine Lagarde noted inflation slowdowns in the EU, hinting at a possible rate cut in October; Tokyo stocks fell nearly 5% amid expectations of a strong yen under incoming PM Shigeru Ishiba; analysts express caution as major indices approach all-time highs.\n\n#China #Stocks #Stimulus #Us #Europe #Inflation #InterestRates #AstonMartin #Stellantis #Tokyo\n\nhttps://www.macaubusiness.com/china-stocks-soar-on-stimulus-but-us-and-europe-retreat/",
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