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Reply #3: It's China's turn to kick the can! U.S. stock futures rise after China move [View All]

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Pale Blue Dot Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-30-11 07:05 AM
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3. It's China's turn to kick the can! U.S. stock futures rise after China move
LONDON (MarketWatch) U.S. stock futures turned higher on Wednesday after China announced a cut in banks reserve-requirement ratio and as investors awaited a batch of U.S. economic data.

Futures on the Dow Jones Industrial Average DJ1Z +0.74% rose 65 points to 11,630 after trading down around 50 points.

The reversal came as Chinas central bank said it would lower banks reserve-requirement ratio by 0.5 percentage point in an attempt to boost the economy. European stock markets also erased losses, with the Stoxx Europe 600 index XX:SXXP +1.10% up 0.7% to 233.29.

Futures on the Standard & Poors 500 stock index SP1Z +0.81% gained 8 points to 1,204.5 and Nasdaq 100 futures ND1Z +0.96% climbed 17.75 points to 2,230.2.
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