- Benzinga
China Goes All In As Beijing Vows To Buy Unsold Properties: Chinese Stocks Rally, Copper Hits All-Time Highs
Xi Jinping’s government has introduced its most aggressive measures to date to rescue China’s struggling property market. On Thursday, Beijing announced a new plan that included easing mortgage regulations and urged local governments to purchase unsold homes, reflecting the authorities’ heightened concern over the sector’s impact on economic growth. The support package comprised several key components designed to revitalize the housing market. First-time homebuyers will benefit from reduced down
- Reuters
Stocks edge up as timing of US rate cuts weighed; copper jumps
NEW YORK (Reuters) -A world stock index rose for a seventh straight session and U.S. Treasury yields also gained on Friday as investors tried to assess the timing of potential interest rate cuts by the Federal Reserve this year. The Dow Jones Industrial Average closed above 40,000 for the first time, and all three major U.S. stock indexes posted strong gains for the week. Gold prices also gained.
- CNN Business
China has teased how it might fix its property crisis. Markets are loving it
Chinese stocks surged on Thursday after officials in a major city announced plans to buy unsold homes in what some analysts believe could be a trial run for a much bigger solution to the country’s property crisis.
