Morning Bid: Markets defy COVID blues

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A look at the day ahead in European and global markets from Anshuman Daga

in China's exports and imports last month, the mood remains upbeat for stock bulls on Monday as they still buy into the China loosening story.

Stock markets in the region chalked up gains across-the-board, underpinning Friday's rise in global shares after jobs data came in stronger than expected but also hinted at some slack in theGoldman Sachs said in a note on Sunday that Chinese stocks could rally 20% on and before an expected reopening in the first quarter of 2023, as equity markets tend to respond about a month in advance of policy changes and the positive momentum typically lasts for two to three months.

Chinese equities surged 5.3% last week, the biggest weekly gain in more than two years, as investors pumped a trillion dollars into the market on hopes of a reopening in the world's second-biggest economy. Meanwhile, a thrifty festive season beckons for Britain, with six in 10 Britons believing they will have less money to spend over the Christmas period than last year, according to a

 

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Asian markets mostly rise as investors watch for signs of China relaxing COVID restrictionsAsian stocks advanced Monday as investors weighed uncertainties such as the U.S. mid-term elections and China's possible moves to ease coronavirus restrictions. The market rise is not just based on COVID news.. banks are buying up all chinese stocks. China's health Minister said it wouldn't drop tge covid restrictions yet their markets rise CªLL BackGround_
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