Stocks and futures fell in Asia, Europe and the U.S. on Tuesday as concerns grew over China’s economy and the communist regime’s refusal to deal honestly with its systemic problems.
Stocks fell on Tuesday after China announced a much weaker-than-expected interest rate cut. Reuters quoted economists as saying they found Beijing’s policy moves deeply disappointing, despite some There is hope for strong action after the next Politburo meeting:
“The purpose (of China’s rate cut) was to boost lending, but investors seemed somewhat disappointed by the action, and they were waiting for promises to boost Further steps to revive the economy come true,” said Susannah Streeter, Director of the Currency
Analysts at BofA Global Research said in a note that “such marginal easing” could help prevent a sharp slowdown in growth, but “is unlikely to provide a strong impetus in the near future to reverse the decline in growth”.
Saxo Market Strategist Redmond Wong told Reuters, “The meeting Helps improve sentiment, but markets also understand that there is a strategic competition between the U.S. and China.”
China’ ;s 2022 Economic growth is expected to be the weakest in four decades. https://t.co/DRDURVwAZc
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