GLOBAL MARKETS-Stocks and commodities rebound from Evergrande-led selloff [Reuters]
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
Company Research
Source: Reuters
LONDON, Sept 21 (Reuters) - World stocks stabilised on Tuesday and commodity 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. The STOXX index of Europe's biggest shares rose 1%, as did Wall Street futures after the S&P 500 and Nasdaq suffered their biggest daily percentage drops since May on Monday. German and U.S. government bonds, in heavy demand amid the stock market selloff of Monday, saw yields slip 2-3 basis points respectively. 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. “Accommodative monetary and fiscal policies and macro recovery are still suggesting a buy-the-dip strategy,” said Angelo Meda, head of equities at Banor SIM in Milan. But some caution lingered, given simmering worries about the spillover from
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