World stock markets rose Thursday, boosted by hopes that Europe is preparing to take action to tackle the region's financial crisis and that the Federal Reserve will consider additional support for the U.S. economy.
US stocks rose on Thursday as trading returned to normal at the New York Stock Exchange and Beijing's efforts to halt a rout in Chinese stocks lifted markets around the world. US stocks had fallen sharply on Wednesday as market turmoil in China, a rout in commodity prices, the Greek crisis and a major outage on the New York Stock Exchange spooked investors. While the NYSE resumed operations late in the trading day on Wednesday, all eyes were on the exchange to see if its systems would withstand heavy opening trade volumes.
Asian stocks rebounded sharply on Thursday after weeks of uncertainty as Wall Street helped sooth investors’ edgy nerves. Global markets showed signs of regaining their footing after an extended rout fueled by growth concerns.
All of this would not have been possible if a key Federal Reserve official had not hinted that, considering the recent market turmoil, a September rate increase by the US had become less likely.
HONG KONG (AP) — World stock markets were mostly higher Monday as the yuan steadied and Greece inched closer to receiving its latest bailout.KEEPING SCORE: European stocks opened higher, with France's CAC 40 up 0.5 percent to 4,982.93, while Germany's DAX gained 0.4 percent to 11,032.42. Britain's FTSE 100 was flat at 6,549.97. U.S. stocks were poised to open slightly lower, with Dow futures down less than 0.1 percent to 17,432.00. Broader S&P 500 futures dipped 0.1 percent to 2,088.00.
Asian stock markets rose Thursday, boosted by hopes that Europe is preparing to take action to tackle the region's financial crisis and comments from a Fed policymaker about possible support for the U.S. economy.
China’s central bank cut its official interest rates for the first time in two years Friday, in a surprise move that sent international stock and commodity markets sharply higher.
The action by the People’s Bank of China, which comes in response to a string of disappointing economic data and increasing signs of tension in local money markets, is the authorities’ strongest show of support in months.