World stocks end 2019 at the best levels in a decade
Hopes for monetary easing lifted China’s shares and US-China trade deal news lifted Wall Street to record closing high
24 December 2019 - 13:24
London — World stocks flatlined near record highs on Tuesday and remained on track for their best year in a decade, as China’s latest policy easing pledges added to the optimism generated by signs of detente in the 17-month long China-US trade war.
Blue-chip shares in China rose 0.7% after premier Li Keqiang said the government was considering more measures to lower corporate financing costs and hinted at “targeted” cuts in banks’ reserve requirement ratio...
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