China Eases the Way
June 09, 2012 at 10:59 AM EDT
Following negative data last week, investors were clearly concerned about global growth and anxiously anticipated government actions. While Europe and the U.S. disappointed investors, China surprised on the upside by cutting interest rates. The market reacted positively, as the S&P 500 Index increased 3.7 percent. It’s clear the government’s tone in China shifted this week [...]
