Asia joins Wall St rally on US rates, China hopes | The Malaysian Insight

Asia joins Wall St rally on US rates, China hopes

Markets get a boost today from more pledges by China of measures to stimulate its stuttering economy. – EPA pic, July 31, 2023.

MARKETS rallied today, tracing another bump on Wall Street, where investors cheered a further slowdown in US inflation that stoked optimism the Federal Reserve will not have to hike interest rates again. The gains built on last week’s broad advance and were boosted by more pledges by China of measures to stimulate its stuttering economy.

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