A look at the day ahead in European and global markets from Rae Wee
Asian markets rallied on Thursday, defying weakness overnight on Wall Street as optimism over China’s latest stimulus measures got a fresh boost from news of a possible capital injection into its top banks.
Authorities are considering a $142 billion infusion to help big lenders, Bloomberg News reported, just two days after policymakers announced a series of measures intended to pull the country out of its deflationary funk.
While the latest moves point to a sense of urgency among the authorities as Beijing’s 5% economic growth target for the year starts to slip out of sight, investors saw reason to cheer.
After months of seemingly futile waiting by the markets, Chinese authorities finally appear to be waking up to the idea that a lot more needs to be done to get the world’s second-largest economy back on track.
China’s blue-chip index reversed early losses to trade…
