Big rally going on2 Jan 2020 22:09
Financial markets around the world have started the year on a high, with stocks rallying in Europe and setting fresh records on Wall Street as optimism grows over the improving global economic outlook.
On the first trading day of the decade, shares surged after China’s central bank announced an 800bn yuan (£87bn) cash increase for the economy, and Donald Trump said phase one of a trade deal between Washington and Beijing would be signed on 15 January.
In a reflection of the rising optimism, the FTSE 100 ended Thursday more than 60 points (0.8%) higher, at 7,604, while European company shares also rallied in Paris, Frankfurt and Milan. In the US, the Dow Jones industrial average reached a record high, extending gains made over the past month....https://www.theguardian.com/business/2020/jan/02/financial-markets-surge-after-87bn-chinese-cash-boost