While you were sleeping: China boosts sentiment

Mon, 29 Feb 2016

By Margreet Dietz March 1 (BusinessDesk) - Wall Street rose, as did oil, after China's central bank lowered its reserve requirement ratio in an effort to stoke economic growth. It was the fifth time in a year that China’s central bank cut the amount of cash that banks must hold as reserves. Wall Street moved higher. In 12.38pm New York trading, the Dow Jones Industrial Average rose 0.3 percent, while the Nasdaq Composite Index gained 0.5 percent. In 12.23pm trading, the Standard & Poor’s 500 Index advanced 0.4 percent. Oil also gain...

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