China Stock Wobbles Leave Global Markets Fumbling for Direction
- S&P 500 rallies in final 30 minutes to end at session highs
- Equity bounce arrests crude's slide, while gold, bonds drop
Will China Spell More Trouble for Global Economies?
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The rout in global stocks let up, with U.S. equities halting a two-day slump after Chinese shares ended their last day of trading this week with the smallest loss since mid-August. The dollar rose, while Treasuries fell.
Stocks retreated worldwide the previous two days as concern China will hamper growth around the globe was revived. U.S. reports today bolstered optimism in the American outlook, and with China stepping into the background for a two-day holiday attention is turning to Friday’s payrolls report, which may have bearing on the Federal Reserve’s timeline for raising interest rates.