EMERGING MARKETS-China rate cut boosts EM stocks; currencies recover as greenback eases ...Middle East

China stocks led emerging market stocks higher on Friday after Beijing's larger-than-expected cut to a key borrowing rate, while a softer dollar sent an index of currencies to its highest level in two weeks. China's main share indexes added 1.6% and 2% after Beijing lowered the five-year loan prime rate by 15 basis points (bps) to 4.45% to aid the ailing economy, more than the five or 10 bps tipped by analysts in a Reuters poll.

Hence then, the article about emerging markets china rate cut boosts em stocks currencies recover as greenback eases was published today ( Friday 20/05/2022 - 12:13 PM ) and is available on Devdiscourse ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( EMERGING MARKETS-China rate cut boosts EM stocks; currencies recover as greenback eases )

Also on site :

• Tragic Fall at Mexico City's Reopened Estadio Banorte
• Middle East Conflict Escalates: Death Toll Rises Amid Tensions
• Aluminium Giant Alba Hit Amidst Middle East Tensions