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US markets surge after China cuts rates

US markets surge after China cuts rates

All three of the major US indices have soared after the People’s Bank of China lowered the country’s interest rates earlier today.  The S&P 500 is 2% up on Monday’s closing figure, trading at 1,929, while the Dow Jones has risen 2% and the Nasdaq has rebounded 2.6%. All three benchmark indices had suffered during yesterday’s

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