Wall Street

Stocks Rally As China Eases COVID Rules And As Banks Raise Dividends

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ValueWalk

Stocks rally as China eases COVID rules and as banks raise dividends, Oil rallies, Gold steady, Bitcoin stuck in the mud – OANDA US stocks are rallying after several banks boosted their dividends and China pivoted away from their strict COVID policy. Wall Street seems to be close to figuring out how high central banks may take rates over in the short-term and that is supportive for long-term investors to scale into positions. We will see if the peak of inflation is in place, but for now some traders are comfortable with the idea that the ECB will bring rates to positive territory and as Fed ea…

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