Equities try to recover amid rate cuts and short-selling bans

European stock markets rebound along with US futures as more and more central banks decide to deliver rate cuts. Norges Bank cut policy rate by 50 basis points today while People’s Bank of China decided to cut the reserve requirement ratio for banks. Apart from that, financial regulators in Spain, Thailand, UK, Italy and South Korea imposed restrictions on short-selling. DE30 is trading around 4% higher.

DE30 tries to recover after testing 9200 pts area earlier this week. Source: xStation5

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