Indicators of Growing Stock Market ‘Euphoria’ as Markets Achieve a 5-Day Streak of Record Highs
Signs of stock market ‘euphoria’ on the rise as markets cap 5-day streak of record highs Investor euphoria is back. Stocks hit a record high each day last week, bitcoin is surging, and meme stocks are once again back in vogue. And while Wall Street isn’t sounding the alarm just yet, some are watching the […]
Asian Stocks and European Futures Rise Following PBOC Stimulus: Market Summary
(Bloomberg) — European stocks are set to open higher after Asian peers rallied on a slew of stimulus measures announced by China’s central bank to shore up economic growth and stem a selloff in the equity market. Most Read from Bloomberg Contracts for the Euro Stoxx 50 climbed 0.5% as MSCI’s Asia Pacific gauge headed […]
China Considers Stock Stability Fund and Releases $113 Billion from PBOC
(Bloomberg) — China is weighing plans for a stock stabilization fund, and will unleash at least 800 billion yuan ($113 billion) of initial liquidity support for its beleaguered equity market. Mainland and Hong Kong shares jumped. Most Read from Bloomberg The People’s Bank of China will set up a swap facility allowing securities firms, funds […]