United States  

Celebrating 10 Years of Trusted News Discovery
One News Page
> > >

Deutsche Bank leads European shares higher, China stocks up

Video Credit: Reuters Studio - Duration: 01:14s - Published < > Embed
Deutsche Bank leads European shares higher, China stocks up

Deutsche Bank leads European shares higher, China stocks up

European shares rose on Monday, extending gains from the previous session, as German stocks, led by Deutsche Bank, rallied and investors cheered plans from Germany and China to counter slowing growth.

Francis Maguire reports.

0
shares
ShareTweetSavePostSend
 

Deutsche Bank leads European shares higher, China stocks up

European shares rose early Monday, As German stocks rallied and investors cheered plans from Germany and China to counter slowing growth.

Deutsche Bank led the way.

Shares jumped just 3.5% and helped the DAX move up 1%.

That as Der Spiegel reported some major investors of the German bank want supervisory board chairman Paul Achleitner to step down before his term ends in 2022.

Markets also rose on reports that Germany's right-left coalition government would be prepared to ditch its balanced budget rule and take on new debt to counter a possible recession.

In Asia, Chinese stocks were up more than 2% - its best showing since early July, The central bank unveiled key interest rate reform on Saturday to help drive down borrowing costs for companies and support a slowing economy hurt by the Sino-U.S. trade war.

The move is widely seen as a guided rate cut.

Stock brokerage China Merchants Securities said it means monetary policy loosening is more likely in the short term.

Around the region, the MSCI Asia index was firmer by 1.25%, While Japan's Nikkei closed up slightly.




You Might Like


Recent related videos from verified sources

European stocks head for fourth week of gains post-ECB [Video]European stocks head for fourth week of gains post-ECB

European shares ground out gains for the fourth day running on Friday as signs of progress in U.S.-China trade talks propped up shares after a mixed response to stimulus from the European Central Bank..

Credit: Reuters Studio     Duration: 01:41Published

Investors focused on Trade Before Rates [Video]Investors focused on Trade Before Rates

The market seems completely positive on Friday, but the big trade-related development out Friday may have an ever-so-slightly negative implication for stocks. Friday, news broke that China said it..

Credit: The Street     Duration: 01:11Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.