European markets trade higher, buoyed by China's stimulus measures; mining stocks jump 4.5%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 24 2024
0mins
Source: CNBC
European Stock Market Performance: European stocks rose by approximately 0.5% due to China's central bank's monetary stimulus measures, particularly benefiting mining stocks which surged over 4.6%. Positive sentiment was also influenced by gains in Asia-Pacific markets following China's policy easing announcements.
U.S. Stock Market Update: U.S. stocks experienced modest gains, with the Dow Jones Industrial Average reaching a new record, continuing the upward trend after the Federal Reserve's recent interest rate cut.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
