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World stock markets mostly higher as interest rate cut by China boosts resource shares
– canadianbusiness.com
TOKYO – World stock markets were mostly higher Monday as a weekend interest rate cut by the Chinese central bank lifted sentiment following a lower estimate of U.S. economic growth last quarter.
KEEPING SCORE: Britain’s FTSE 100 gained 0.3 per cent to 6,964.66 and Germany’s DAX climbed 0.3 per cent to 11,428.83. France’s CAC 40 slipped 0.2 per cent to 4,940.62. Wall Street looked set for an upbeat start to the week. Dow futures were up 0.2 per cent and S&P futures added 0.1 per cent. Hopes for stronger growth in China boosted mining companies and other resource-related shares, such as miner BHP Billiton, which rose 0.4 per cent and Glencore Plc, which added 1.8 per cent.
CHINA RATE CUT: The People’s Bank of China cut interest rates for the second time in three months Saturday, reducing the rate for one-year loans by commercial banks by 0.25 percentage point to 5.35 per cent. The interest rate paid on a one-year deposit was lowered by 0.25 point to 2.50 per cent…
KEEPING SCORE: Britain’s FTSE 100 gained 0.3 per cent to 6,964.66 and Germany’s DAX climbed 0.3 per cent to 11,428.83. France’s CAC 40 slipped 0.2 per cent to 4,940.62. Wall Street looked set for an upbeat start to the week. Dow futures were up 0.2 per cent and S&P futures added 0.1 per cent. Hopes for stronger growth in China boosted mining companies and other resource-related shares, such as miner BHP Billiton, which rose 0.4 per cent and Glencore Plc, which added 1.8 per cent.
CHINA RATE CUT: The People’s Bank of China cut interest rates for the second time in three months Saturday, reducing the rate for one-year loans by commercial banks by 0.25 percentage point to 5.35 per cent. The interest rate paid on a one-year deposit was lowered by 0.25 point to 2.50 per cent…
Toronto condo market booming again
– theglobeandmail.com
While banks and other lenders return to the market, the latest wave of completions and sales signals recent lull could be over
