World markets off to a good start in 2020 on Chinese stimulus
Asian and European stocks were boosted by the China central bank news and Trump saying the first phase of a trade deal will be signed in January
London — World stock markets began the new year with a shot of Chinese stimulus, ensuring there was no immediate hangover after the gains of 2019.
China’s central bank said overnight that it was lowering how much cash banks were required to hold, the eighth reduction since 2018. The move that should free about 800-billion yuan ($115bn) to boost its economy...