Mixed Market Reactions as Investors Eye China's Economic Prospects.
TL;DR Summary
European stocks and US equity futures rose on Tuesday, following gains in Asian shares, as investors awaited data and speeches by policy makers for clues on the economy and interest rates. The Stoxx Europe 600 index was on track to gain for the first time in seven days, with miners leading the advance as iron ore and copper rallied on hopes China will announce more stimulus for its ailing economy. The dollar weakened and the offshore yuan advanced after China set its daily reference rate for the managed currency at a stronger-than-expected level for a second day.
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- Alibaba, Tencent fan Hong Kong rally on earnings hopes as New World surges South China Morning Post
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- Investors Wary As Beijing's Stimulus Strategy Falls Short Markets Insider
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