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European shares rise due to China stimulus
PTVPhilippines
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1 year ago
European shares rise due to China stimulus
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00:00
The European shares jump on China's broad stimulus that boosted luxury stocks.
00:05
China's top financial regulators opened up their biggest incentive since the pandemic,
00:10
saying they would cut bank reserves by 50 basis points while reducing mortgage rates.
00:16
Luxury companies were the biggest boost on the index.
00:20
The markets will keep an eye out for comments from the European Central Bank's board member.
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