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August 28, 2024

China’s Central Bank Conducts $38.94 Billion Via Reverse Repos

China’s central bank conducted 277.3 billion yuan (about 38.94 billion US dollars) of seven-day reverse repos at an interest rate of 1.7 percent Wednesday.

The People’s Bank of China said in a statement that the move aims to keep liquidity reasonabl…

Tech, Insurance Stocks Lift STOXX 600 to Over 1-Month High

European shares touched a more-than-one-month high on Wednesday, boosted by technology stocks ahead of Nvidia’s results later in the day and as Ageas’ better-than-expected results lifted insurance stocks.

The pan-European STOXX 600 index rose 0.2 pe…

Tech, Insurance Stocks Lift STOXX 600 to Over 1-Month High

European shares touched a more-than-one-month high on Wednesday, boosted by technology stocks ahead of Nvidia’s results later in the day and as Ageas’ better-than-expected results lifted insurance stocks.

The pan-European STOXX 600 index rose 0.2 pe…