Global Analysis from the European Perspective. Preparing for the world of tomorrow

Stocks rout stemmed as China injects $71bn into banks

Stock prices rebounded around the world on Tuesday, as China’s central bank moved to prop up its banking system in the face of the coronavirus outbreak.

The People’s Bank of China on Tuesday said it had injected 500bn renminbi ($71.5bn, £55bn) into China’s banking system to support liquidity “during the period of epidemic prevention and control.” The injection follows a $172bn stimulus package on Monday, aimed at supporting the country during the deadly coronavirus outbreak. Source Yahoo

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