9:27 AM · 9 December 2024

Chart of the day: CHN.cash (09.12.2024)

CHN.cash
Indices
-
-
Rio Tinto
Stocks
RIO.UK, Rio Tinto PLC
-
-
LVMH
Stocks
MC.FR, LVMH Moet Hennessy Louis Vuitton SE
-
-
Kering
Stocks
KER.FR, Kering SA
-
-
Mercedes-Benz
Stocks
MBG.DE, Mercedes-Benz Group AG
-
-
HSBC
Stocks
HSBA.UK, HSBC Holdings PLC
-
-

Chinese stocks and the yuan gained dynamically in the last hour of trading as the country's top leaders vowed to ease monetary policy and said they would take steps to boost domestic consumption.

The Politburo, made up of 24 top officials from the ruling Communist Party and led by President Xi Jinping, announced that it would adopt a “moderately loose” strategy for conducting monetary policy (unseen since 2011) next year.

What exactly will the changes involve? Here are the main points mentioned by Politburo:

- Fiscal policy will be more proactive next year

- A change in monetary policy stance for the first time since 2021.

- Fiscal policy will be more proactive

- Strong increase in consumption

- Stabilization of the real estate and stock markets

The historic shift will see monetary conditions take on the character last seen during the 2008-2009 GFC. Source: Bloomberg Financial LP

European stocks that have exposure to China could see a big jump in volatility on Monday. These include BHP, Rio Tinto, Anglo American, LVMH, L'Oreal, Kering, Richemont and Hermes, Mercedes, BMW, Volkswagen and Porsche, Prudential, HSBC and Standard Chartered.

The CHN.cash index is already gaining more than 4% and has broken out to levels not seen since November of this year. Source: xStation 

7 October 2025, 5:57 PM

⏬US100 is down 0.5% on Oracle news

7 October 2025, 10:25 AM

DE40: Europan market still under pressure of weak industry and political turmoil

6 October 2025, 7:14 PM

Daily summary: US100 surges almost 1% 📈Crypto and precious metals on the rise

6 October 2025, 3:06 PM

Stock of the Month: Will Meta win the AI ​​race?

Join over 1 700 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits