European shares hit record high; carmakers cheer China stimulus

  • 📰 Reuters
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

China measures, Italian banks lift European shares to record close

- European shares hit a record high on Monday, with automobile stocks leading gains amid fresh attempts by China to limit the economic impact of the coronavirus outbreak.

Automobile stocks .SXAP, which are highly sensitive to Chinese demand and industrial output, surged 2%, led by French car parts group Faurecia after reporting a rise in annual profits and sales. China cut interest rates and flagged possible tax cuts as it struggles to limit the economic impact from the coronavirus outbreak, which has killed more than 1,700 people in the country.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Final lift before the crash

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European shares edge higher amid China support measuresEuropean shares inched higher on Monday as fresh attempts by China to limit the ... Stock markets have never been this much disconnected from economy. Wait until the markets crash when the COVID19 hits Europe and the West it will spell the end of this globalization foolishness that's gotten us into this position in the first place. Not the economy but from the world period
Source: Reuters - 🏆 2. / 97 Read more »

China sees rise in new virus cases, death toll rises by 105BEIJING (AP) — Mainland China on Monday reported a slight upturn in new virus cases and an increase by 105 in deaths caused by the illness for a total of 1,770 since the outbreak began. The... Thanks A(lways) P(ropoganda) Out of 1.3 billion people in China. start adding a 0 when reporting on this
Source: AP - 🏆 728. / 51 Read more »

America urges Europe to join forces against ChinaHow should European countries position themselves in the growing geopolitical and technological contest between America and China? We have a struggling Eurasia. We take care. guyverhofstadt customs! Moscow time instead of repairing the Big Ben OPCW I don’t know whether it’s gonna be possible. From the past few purchases, no matter whichever the product I buy, it had “Made in China” logo. This means not many things are manufactured in Europe because of higher input costs. Shame that EU isn’t fixing this, how US will fix? CHINY NR1
Source: TheEconomist - 🏆 6. / 92 Read more »

What scientists think about China changing how it counts coronavirus casesWhen China last week changed the criteria for diagnosing and reporting patients with novel coronavirus in Hubei province, the result was a staggering 14,840 new cases -- and from Wednesday night into Thursday, another 242 deaths. Experts said they'd long suspected cases in China had been undercounted
Source: YahooNews - 🏆 380. / 59 Read more »

NBA will lose hundreds of millions of dollars due to rift with China, commissioner saysNBA Commissioner Adam Silver said the league could suffer financial losses of $400 million or less after a dispute with China following an executive's Twitter post last October. Good Somehow, I just don't care!
Source: CNBC - 🏆 12. / 72 Read more »