Mining stocks extend rally on China stimulus | MarketTalk: What’s up today? | Swissquote

Show notes

The S&P500 celebrated its 41st record high yesterday on rising Federal Reserve (Fed) rate cut bets. Chinese equities extended rally as well as the People’s Bank of China (PBoC) cut its MLF rate this morning, on top of the measures announced earlier this week. Global mining stocks are shining.
Elsewhere, the US dollar weakens and the dollar’s weakness masks the gloomy fundamentals of the European economies. Gold and oil remain bid on the back of geopolitical tensions.
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