NEW YORK — U.S. stocks set records Wednesday after the latest wild swerves for Chinese stocks left few ripples in markets worldwide. The Standard & Poor’s 500 rose 0.7% to top the all-time high it had set last week. The Dow Jones industrial average climbed 1% to hit its own record, while the Nasdaq composite gained…
Chinese property stocks climbed 7% on Monday three major cities eased homebuying rules. The surge comes amid an economic-stimulus blitz that started last week. China’s property sector has struggled amid falling home prices, vacant supply, and debt. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download…
China’s bond traders are still piling into the safe-haven asset, despite recent stimulus efforts. The 30-year government bond yield hit its lowest since 2005 last week, and fell again Monday amid more measures. Fiscal stimulus and property market support could reverse this trend, Bank of America said. Thanks for signing up! Access your favorite topics…
China’s aggressive stimulus measures have sparked a significant stock market rally. Many analysts say the measure is not enough to fix the challenges in China’s economy. However, the measures aim to boost sentiment and stem the negative feedback loop between markets and the economy. Thanks for signing up! Access your favorite topics in a personalized…
Indexes rallied Thursday on positive jobs data and promises of further economic stimulus in China. Jobless claims fell 4,000 to a four-month low of 218,000, beating estimates of a mild increase. Traders will be closely watching personal consumption expenditure data out Friday. Thanks for signing up! Access your favorite topics in a personalized feed while…