European shares opened higher on Wednesday, bolstered by China’s move to exempt some US goods from additional tariffs, the latest sign that a prolonged trade war between the two sides is cooling.
China’s forex regulator Tuesday announced it would abolish the investment quota restrictions for Qualified Foreign Institutional Investors (QFII) and Renminbi Qualified Foreign Institutional Investors (RQFII) to boost financial reforms and opening-up.
Sept 11 (Reuters) – Emerging market stocks rose on Wednesday as investors piled into riskier assets on the prospect of a ramping up of stimulus in major economies, while Turkey’s lira extended its longest losing streak since May on bets of another super-sized interest rate cut.
Europe stocks on Wednesday advanced as a signal of easing tensions between the U.S. and China helped bid equities higher ahead of a critical central bank decision.
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Hong Kong stocks closed up 475.38 points, or 1.78 percent, to 27,159.06 points on Wednesday.
Sept 11 (Reuters) – European shares rose to six-week highs on Wednesday, as China eased trade worries by saying it would exempt some U.S. goods from additional tariffs.
Sept 11 (Reuters) – Hong Kong stocks closed at their highest since early August on Wednesday, boosted by property and financial firms, while China’s move to exempt some U.S. goods from retaliatory tariffs boosted market sentiment.
UK blue-chips edged higher on Wednesday, buoyed by hopes of monetary stimulus from central banks as economic growth slows because of a protracted U.S.-China trade war, while signs of a thaw in the dispute provided some relief to investors.
- London's FTSE 100 gains on hopes of stimulus, trade resolution (Reuters: Sep 11, 2019 at 8:23 AM)
Find a point in market history where reliable valuation measures were somewhere near their historical norms, and another similar point decades later, and you’ll generally find that the S&P 500 posted a fairly run-of-the-mill total return on the order of roughly 10% in the interim.