PhilStockWorld Weekly Wrap-Up: Sept 30-Oct 4, 2024
- Monday: U.S. markets are closed for a holiday.
- Tuesday:
- Micron (MU) reports strong earnings.
-
- China's government attempts to stimulate the economy by cutting interest rates and pledging up to $340 billion to boost the equities market alone. This is expected to lift growth by 1 to 1.1 percentage points over the next four quarters.
- The People's Bank of China (PBOC) cuts its medium-term lending facility rate.
- Concerns arise about a potential recession in ...