The Day Ahead: Futures Get a Beijing Boost
In the Headlines
News that Beijing had cut the reserve requirements for banks helped to boost U.S. stock futures Wednesday. NYSE and Nasdaq stocks were poised for a higher open, reversing off earlier losses. Futures also got a big lift from news that the Federal Reserve, along with other central banks in North America, Asia and Europe, announced a joint action to increase liquidity. China's easing measure was also warmly welcomed in Europe, where stocks rallied on the news. It was the first such measure from China in three years....678 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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