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FTSE Rises as China Rate Cut Boosts Mining Sector

2024-12-26OANDAOANDA
Leading shares are continuing their record breaking run, buoyed by a rise in mining shares after China cut interest rates over the weekend. The move by the Chinese central bank came amid concerns about a slowdown in the country’s economy although the latest HSBC purchasing managers index showed the factory sector edged to a seven-month […]

Leading shares are continuing their record breaking run, buoyed by a rise in mining shares after China cut interest rates over the weekend.

The move by the Chinese central bank came amid concerns about a slowdown in the country’s economy although the latest HSBC purchasing managers index showed the factory sector edged to a seven-month high in February although exports fell back.

Meanwhile, with another mixed picture from the eurozone economy, investors are also awaiting the European Central Bank’s proposed quantitative easing programme to begin this month.

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