Marketmind: Rates rebound cools, China commands rally
World markets found their footing again on Tuesday as China's panicky markets staged a sharp rally on reports the government may intervene directly and on a levelling off in U.S. Treasury yields after their jobs-inspired bounceback this week. The early action was all in China however, where benchmark stock indexes recorded their biggest one-day jump in almost two years amid a swirl of reports about regulatory action to staunch the selling, state-sponsored purchases and rising concerns at the top of the politburo. The relentless slide in Chinese stocks, which had seen them underperform W...
Source: yahoo.com
