Benzinga
  • 2 days ago
European shares dipped on Tuesday after Monday's gains, as hopes for China's stimulus generated limited impact in Asia. The Australian dollar dropped 70 basis points following hints of rate cuts by the Reserve Bank of Australia.  China's Politburo signaled a shift toward "moderately loose" monetary policy, sparking mixed reactions. Chinese blue-chip stocks rose, but Hong Kong shares declined. Markets await clues on global central bank policies, with rate cuts expected in Europe and Canada.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02European shares dipped on Tuesday after Monday's gains,
00:04as hope for China's stimulus generated limited impact in Asia.
00:08The Australian dollar dropped 70 basis points following hints of rate cuts by
00:11the Reserve Bank of Australia. China's Politburo signaled a shift toward moderately loose
00:16monetary policy, sparking mixed reactions. Chinese blue chip stocks rose, but Hong Kong
00:22shares declined. Markets await clues on global central bank policies with rate
00:26cuts expected in Europe and Canada. For all things money, visit Benzinga.com slash GSTV.

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