The U.S. and E.U. equity markets gained in value after today’s announcement by the Chinese central bank that they would cut the rates by 0.25% in an effort to address the slowdown of the nation’s manufacturing sector.
Furthermore, a successful bond auction by Spain cheered investors around the globe, as it showed the government’s ability to raise money from investors two days after its treasury minister warned that the country was at risk of being shut out of financial markets. Read more
