While you were sleeping: Relief rally on China

Thu, 09 Jul 2015

By Margreet Dietz July 10 (BusinessDesk) - Equities advanced, while US Treasuries fell, after Chinese stocks bounced and Greece prepared to submit a fresh reform proposal to secure a new international bailout. In China, stocks rallied after the country’s regulator banned key shareholders from selling for the next six months in a desperate effort to stem a four-week plunge. In late afternoon trading in New York, the Dow Jones Industrial Average added 0.48 percent, the Standard & Poor’s 500 Index rose 0.36 percent, while the Nasdaq Comp...

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