News Snapshot:
European stock markets have opened higher at the start of the week. The FTSE 100, Germany’s DAX and France’s CAC are all up around 0.4%, as investors digest China’s decision to cut a lending rate to stimulate its economy, as growth slows. Lee Hardman of MUFG Bank, Ltd explains: The main development overnight has been the decision from the PBoC to provide further stimulus to support growth in [China] . The PBoC decided to lower the one-year medium-term lending facility (MLF) rate by a larger than expected 0.10 point to 2.85%. It was the first cut since the initial negative...
