GLOBAL MARKETS-Asia stocks take heart in stimulus speculation
By Editor - Thu Aug 15, 10:18 pm
Asian shares found some footing on Friday after a turbulent week as China hinted at more support for its economy, amid growing expectations of aggressive stimulus from all the major central banks. Sentiment got a lift when China’s state planner said Beijing would roll out a plan to boost disposable income, though details were lacking. A bounce in U.S. and European stock futures also helped, with E-Minis for the S&P 500 up 0.55% and the EUROSTOXX 50 rising 0.5%.
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