Dow up 200 points at open as Hong Kong tension eases and China signals stimulus
U.S. stocks rebounded at the start of trade Wednesday as investors shook off weak data from a day ago and focused on signs of easing tensions in Hong Kong, new stimulus measures out of China and growing hopes that the U.K. could avoid a disorderly exit from the European Union.
Also boosting optimism toward the greater Chinese economy were state-media reports, cited by Reuters, that the People’s Bank of China will soon implement cuts in the reserve requirement ratio for Chinese banks, in a move that analysts predict will boost growth and signals willingness by the government to take steps necessary to combat the effects of higher U.S. tariffs on Chinese imports.
Still, the 328 to 301 vote on Tuesday, clears the way for Johnson’s opposition to introduce a bill later Wednesday to prevent Britain from leaving the EU without a deal Oct. 31. Investors have been wrestling with concerns that the domestic economy might slip into recession amid the U.S. and China tariff conflict, which has disrupted supply chains and helped to slowdown global economies.
Which stocks are in focus? Shares of coffee-chain Starbucks Corp. SBUX, -3.55% were down 3.3% after the company cut its forecast for earnings-per-share growth in fiscal 2020, citing a “pull forward” of expected share repurchases into 2019.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
What to watch today: Dow to rise, Hong Kong bows to protesters, and NRA slams WalmartThe Dow, a day after losing 285 points, was set to advance about 200 points at the Wednesday open on Wall Street.
Baca lebih lajut »
Cathay Pacific's chairman quits amid Hong Kong protestsThe airline saw it's stock price decline dramatically amid protests that have rocked Hong Kong for months, with the airline caught in the middle.
Baca lebih lajut »
Hong Kong leader Carrie Lam withdraws extradition billHong Kong’s Chief Executive Carrie Lam announced a formal withdrawal Wednesday afternoon of the extradition bill that sparked 13 weeks of protest and political crisis.
Baca lebih lajut »
Hong Kong leader withdraws extradition bill, but some say too little too lateHong Kong leader Carrie Lam formally withdraws controversial extradition bill. Read more:
Baca lebih lajut »
FTSE jumps on optimism over Brexit, Hong Kong unrestLondon's main index vaulted to a one-month high on Wednesday, as Asia-expos...
Baca lebih lajut »
Hong Kong Leader Carrie Lam Withdraws Extradition BillHong Kong leader Carrie Lam has bowed to demands from anti-government protesters to scrap a controversial extradition bill. Her refusal to resign or address alleged police brutality sets the stage for new protests.
Baca lebih lajut »