RE: Prudential Buyback Second Tranche9 Dec 2024 09:57
"ftse 100 rises amid china demand hopes
the uk’s stock markets rose in early trading after signs that china is poised to enter a period of lower interest rates to boost its slowing economy.
the ftse 100 was up 0.3pc while the ftse 250 gained 0.2pc after beijing said it will implement more proactive fiscal policy and moderately loose monetary policy next year.
precious metal mining stocks rose as much as 1pc amid the hopes of stimulus in the world’s second largest economy.
anto***asta lead gains on the ftse 100, up 3.6pc as it was also boosted by china’s central bank adding gold bullion to its reserves for the first time in seven months.
china-exposed financial stocks were also higher, with prudential up 2.4pc and hsbc gaining 0.5pc"
compliments of the daily telegraph. looks like things are turning around in china!