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The Ibex relaunches its comeback with the encouragement of China

In the midst of the current vortex of rising rates, the markets today receive the stimulus of the cut in rates announced in China to reactivate its economy.

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The Ibex relaunches its comeback with the encouragement of China

In the midst of the current vortex of rising rates, the markets today receive the stimulus of the cut in rates announced in China to reactivate its economy. The Ibex relaunches its increases, in search of 8,500 points.

The references from China had encouraged an improvement in the investment climate this week, thanks to the beginning of the withdrawal of the confinement measures decreed in large cities such as Shanghai due to the new Covid outbreaks. The fewer restrictions allow a greater reactivation of its economy, and mitigate fears of problems in the supply chains.

In today's session the markets have woken up with an additional stimulus also coming from China. In the midst of the rate hike cycle, the central bank is taking the opposite course and has cut five-year rates by 15 basis points, a cut that is even higher than expected. The objective is to alleviate the slowdown and reactivate the growth of the Asian giant's economy. The measure has already been a stimulus for investors. In China, the CSI 300 index exceeds a 1.5% gain, and in neighboring Japan, the Nikkei index rose 1.26% at the close.

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