BANGKOK — World shares have mostly gained after China’s central bank released plans for supporting the stock market through share repurchases by companies and major shareholders.
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BANGKOK — World shares have mostly gained after China’s central bank released plans for supporting the stock market through share repurchases by companies and major shareholders.
European markets opened mostly higher, with Germany’s DAX up 0.2% at 19,623.37. In Paris, the CAC 40 gained 0.4% to 7,615.72. Britain’s FTSE 100 slipped 0.1% to 8,376.04.
The European Central Bank on Thursday cut its main interest rate by a quarter of a percentage point, helping send shares higher.
The future for the S&P 500 was up less than 0.1% while that for the Dow Jones Industrial Average was little changed.
Beijing also reported FRiday that the Chinese economy slowed further in the last quarter, which spurred expectations the government will ramp up its latest stimulus efforts. The world’s second-largest economy expanded at a 4.6% annual pace in July-September, down slightly from 4.7% in the previous…