China reportedly preparing new stimulus measures in China, Bloomberg says


China would prepare new stimulus measures in China, according to Bloomberg |  Photo credits: HK=nui7711 / Shutterstock.com

China would prepare new stimulus measures in China, according to Bloomberg | Photo credits: HK=nui7711 / Shutterstock.com

MILAN, July 7 (Reuters) – European stock markets increased their gains late Thursday morning, supported in particular by mining stocks, after reports from the Bloomberg agency mentioning new economic stimulus measures in China.

According to Bloomberg, China’s finance ministry plans to allow local executives in the country to issue 1.5 trillion yuan (219.4 billion euros) of bonds in the second half of the year, which would constitute an unprecedented acceleration of financing. infrastructure to support a struggling economy.

At 10:00 GMT, the Stoxx index of basic resources takes 5.61% and that of the automobile, also very exposed to China, 4.38%.

The Stoxx 600 thus gains 1.33%, against around 1% before this information.

Yields on benchmark government bonds accelerated slightly: that of the ten-year German Bund gained almost ten basis points to 1.308% and that of the OAT of the same maturity 10.8 points to 1.873%. (Report Danilo Masoni and Yoruk Bahceli, French version Laetitia Volga, edited by Bertrand Boucey)





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