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Prices at the pumps – January 24, 2024 | SaltWire
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A look at the day ahead in European and global markets from Ankur Banerjee
As the optimism around a rescue package for the bruised Chinese stock market ebbs, with investors still sceptical and awaiting an official response, trading in Asian hours meandered ahead of an earnings-packed European session.
China stocks started off the day with a bang but enthusiasm soon fizzled out, leaving the blue-chip index still rooted near five-year lows and the Shanghai Composite languishing near its lowest since 2020.
Hong Kong’s Hang Seng Index was the outlier and gained 1%, boosted by Alibaba on reports that Jack Ma has been scooping up…
