According to Reuters, Major world stock markets climbed on Tuesday, helped by hopes of more stimulus for China’s economy, while the euro declined against the U.S. dollar following weak German economic data.
Stocks in Shanghai .CSI300 and Hong Kong surged almost 2 percent after U.S. President Trump talked up chances of a China trade deal and Chinese officials then came out in force hinting at more stimulus for their slowing economy.
On Wall Street, gains in shares of Netflix (NFLX.O), which said it was raising rates for its U.S. subscribers, helped offset losses in JPMorgan Chase & Co (JPM.N), which reported a lower-than-expected rise in quarterly profit and revenue, hurt by weakness in bond trading.
Comments