🧵 1. Global markets soar as China pledges fiscal stimulus & traders bet on central bank rate cuts. S&P 500 futures up 0.8%, Micron surges on strong earnings. #finance
🧵 1. Global markets soar as China pledges fiscal stimulus & traders bet on central bank rate cuts. S&P 500 futures up 0.8%, Micron surges on strong earnings. #finance
🧵 2. Nasdaq 100 futs jump 1.5%, Stoxx 600 index hits record high. Treasury yields, dollar dip; oil falls. Gold hits all-time high on stimulus expectations.
🧵 3. US-listed Chinese stocks rise in premarket trading on China's fiscal promises. Alibaba up 6%, Baidu up 5%. Micron surges 16% on rosy forecasts.
🧵 4. China's stimulus efforts boost markets. Fed & ECB expected to ease policies. Powell's address awaited. GDP revisions expected. Policy 'put' in action.
🧵 5. China's growth-boosting measures lift local assets. CSI 300 Index set for large weekly gain. Impact of measures debated. Market outlook bullish for short- & medium-term.
🧵 Read more at: https://www.zerohedge.com/markets/global-markets-soar-gold-hits-record-after-china-vows-fiscal-policy-bonanza-micron-surges