European stocks are expected to rise at Monday's open, remaining just below record highs.
The People's Bank of China announced on Monday that it would provide medium-term funding of 200 billion yuan to commercial lenders and cut its main interest rate by 10 basis points to 3.15%.
The move is intended to shield the economy from the fallout of the coronavirus, which has now infected over 70,000 people and killed 1,770,Shares in mainland China led upward momentum for Asian markets overnight, with the Shenzhen composite and Shenzhen component each adding more than 2%. U.S. markets are closed Monday for the President's Day federal holiday, having closed little changed on Friday to finish out a positive week on Wall Street.said market conditions would be tough in 2020 despite reporting a rise in full-year net profit and sales on Monday morning.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Daytona 500 postponed until Monday at 4 p.m. due to rainDAYTONA BEACH, Fla. — The Daytona 500 has been postponed by rain for the first time since 2012, dampening NASCAR&39;s season opener that started with a ballyhooed visit from President Donald Trump. The first delay of the day came moments after the presidential motorcade completed a ceremonial parade
Read more »
Daytona 500 postponed until Monday because of bad weatherThe Daytona 500 NASCAR race has been postponed until Monday at 4 p.m. ET because of rainy weather
Read more »
Daytona 500 postponed to Monday for weather: How to watch, live stream the Great American RaceThe Daytona 500 got 20 laps completed Sunday before heavy rain set in. The race will resume Monday afternoon, and here's how to watch it.
Read more »
ITV hit 'Love Island' to return on Monday after death of former presenter FlackBritish broadcaster ITV said its popular reality show 'Love Island' wo...
Read more »
Start your Monday smart: What's happening this weekPresidents Day, Robert Durst, Roger Stone, Nevada caucuses, Daytona 500. Here's what the next six days will bring.
Read more »
‘Love Island’: ITV Pulls Sunday Night Episode But Reality Dating Format Will Return Monday With Tribute To Caroline FlackITV has postponed another episode of Love Island following the death of Caroline Flack but the show will return on Monday night with a tribute to the former presenter. The British broadcaster said …
Read more »