Europe: China measures, Italian banks lift shares to record close

Europe, European Stocks, Stoxx 600

Read more at The Business Times.

Europe, European Stocks

18.2.2020

Europe : China measures, Italian banks lift shares to record close

Read more at The Business Times.

Tue, Feb 18, 2020 - 6:04 AM European shares hit a record high close on Monday as a rally in Italian banks and fresh attempts by China to limit the economic impact of the coronavirus outbreak lifted investor spirits. PHOTO: REUTERS [BENGALURU] European shares hit a record high close on Monday as a rally in Italian banks and fresh attempts by China to limit the economic impact of the coronavirus outbreak lifted investor spirits. Despite a US holiday dulling market activity, the pan-European Stoxx 600 index rose 0.3 per cent, with trade-sensitive German stocks hitting all-time highs as Beijing stepped up stimulus measures. Adding to the upbeat mood, Italy's fifth-biggest bank UBI Banca jumped 5.5 per cent after saying it aimed to nearly double net profit in the next three years, sending a broader index of Italian banks up 1.8 per cent. Even as China reported more coronavirus cases over the weekend, prompting economists to cut growth forecasts, investors took heart from the central bank's move to cut interest rates. "The fact that China keeps signalling that they're ready to somewhat bubblewrap the economy by pumping in stimulus - that's what's keeping markets in the green today," said Connor Campbell, analyst at financial spread better Spreadex. Read more: The Business Times

Leaked document shows how China tracked Uighur detainees and their families(NYTIMES) - The last time she heard from her family was over three years ago, before China began rounding up Muslims in the country's far west. She lived abroad and knew nothing of her family's fate - until the contents of a leaked government document surfaced, describing their lives in chilling detail.. Read more at straitstimes.com. //authorities see as problematic that would be normal elsewhere, such as giving up alcohol, wanting to go on a religious pilgrimage or attending a funeral// That's insane! Authoritarian China must be held accountable for violating human rights! MagnitskyAct China_is_terrorist

China health commission official says controls starting to rein in virusSHANGHAI (REUTERS) - The measures China has adopted to rein in the spread of the coronavirus are starting to have an impact, said Mr Mi Feng, a spokesman at the National Health Commission, on Sunday (Feb 16).. Read more at straitstimes.com.

New China Covid-19 cases drop for third day as death toll passes 1,600BEIJING — The number of new cases from China's coronavirus epidemic dropped for a third consecutive day on Sunday (Feb 16), as the World Health Organization (WHO) chief warned it was

China Everbright Water secures upgrading project for Suzhou plantChina Everbright Water secures upgrading project for Suzhou plant.

To tame coronavirus, Mao-style social control blankets China

With schools remaining closed during coronavirus outbreak, China launches national remote learning platformsWith schools in China remaining closed due to the coronavirus outbreak, China has launched a national online learning platform and started broadcasting primary school classes on public TV to help 180 million students “keep learning even with classes suspended”.From Monday, a national cloud learning platform



Singapore reports third death from COVID-19

Singapore's COVID-19 cases exceed 800 with 70 new infections

In pictures: Safe distancing in Singapore

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Singapore reports 70 new COVID-19 cases, including 41 imported

COVID-19: Singaporeans urged to defer non-essential trips to malls

Malaysian doctor, wife and 5 children test positive for COVID-19

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