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Home News Stock Markets

Stocks extend gains on ‘soft landing’ hopes, China re-opening

admin by admin
January 9, 2023
in Stock Markets
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LONDON, Jan 9 (Reuters) – European stock indexes rose in early trading on Monday and world stocks were at the highest in more than three weeks, boosted by investors scaling back expectations for U.S. Federal Reserve rate hikes and optimism about China’s borders reopening.

U.S. jobs data on Friday showed a jump in the workforce and easing wage growth. This, along with data pointing to a U.S. service sector contraction, was interpreted by…



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