Wednesday, August 26, 2015

China cuts rates, the rally in the stock after the “Black monday” – Il Sole 24 Ore

August 25, 2015



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Rome (askanews) – After the Black Monday of world markets, although in Shanghai have sales continued and the stock market has closed at -7.63%, European markets rebounded on wake, also, of the moves of the Chinese central bank that, in Asian markets now closed, has announced to cut interest rates for the fifth time in nine months, with the intention of food circulation credit and give new life to the second world economy, in the aftermath of the lists rallentamento.Forte recovery “Black Monday ” China, and positive opening on Wall Street. The main European indices have accelerated the end the good performance of the day: Milan ended with a rise of 5.86%, practically eliminating losses chalked up yesterday. Paris was up 4.61%, Frankfurt 5.32%. Maxi bounce to Athens, with a + 9.4%, which had fallen yesterday to its lowest level in three years.



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