Stocks rose after China said it would cut the reserve requirement ratio for banks next week, effectively freeing up about 800bn yuan (£87bn) in new funds for loans
European stocks have jumped at the start of their first trading day of 2020: FTSE 100: up 0.58% French Cac 40: 0.6% Spain’s IBEX: up 0.8% Italy’s FTSE MIB: up 0.5% Europe’s Stoxx 600: 0.3% The German Dax is the only major index currently bucking the trend, trading lower by around 0.
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