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China Stimulus Plan Boosts Stocks; Germany Recession Concerns | Bloomberg The Pulse 09/24/24
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September 24, 2024
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43:06Now PlayingEuropean stocks and US futures advanced after a slew of stimulus measures from China aimed at shoring up economic growth spurred investor appetite for riskier assets. Sectors exposed to China, including miners, luxury goods makers and automakers all gained. Meanwhile, Germany’s business outlook worsened again – reinforcing fears that Europe’s biggest economy is in a recession with no quick rebound imminent. Speaking on the Pulse, Ifo President Clemens Fuest says the key weakness is across the manufacturing sector, as companies reported a lack of factory orders.
Today's guests: Karim Moussalem, Selwood Asset Management Equities CIO; Clemens Fuest, IFO Institute President; Stephane Boujnah, Euronext Chairman; Stuart Neal, Boku CEO
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