Stocks shrug off hawkish Fed, Evergrande soars in China By Reuters – Investing.com
- Date: 23-Sep-2021
- Source: Investing.com
- Sector:Economy
- Country:Middle East
Stocks shrug off hawkish Fed, Evergrande soars in China By Reuters – Investing.com
By Marc Jones
LONDON (Reuters) - World markets rallied on Thursday after the U.S. Federal Reserve confirmed plans to start reeling in stimulus, Norway became the first rich economy to raise rates since COVID struck and China Evergrande shares leapt ahead of a crucial debt payment.
European stocks were up 1% in early trading as they pushed for a third straight day of gains, and Norway's crown rose 0.7% after the country's landmark rate hike, while the U.S. dollar was groggy.
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