GLOBAL MARKETS-Stocks attempt rebound from Evergrande-led selloff

By Reuters

World stocks stabilised on Tuesday and oil prices recovered from the previous day's heavy selling, as investors grew more confident that contagion from the distress of debt-saddled Chinese developer Evergrande would be limited. Investors pointed to the broadly positive market backdrop with central bank money-printing and the recovery in the world economy post-pandemic as reasons to stay bullish. Some caution still lingered however, given the simmering worries over the spillover from an Evergrande debt default, as well as a raft of central bank meetings including Wednesday's Federal Reserve statement that may bring the bank a step closer to tapering.

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Via:: Sports Headlines


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