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SmartTrader > Daily Markets Wrap > Chinese stimulus hopes, monetary policy changes & AI enthusiasm boost global equities
Daily Markets Wrap

Chinese stimulus hopes, monetary policy changes & AI enthusiasm boost global equities

SmartTrader Analyst Team
SmartTrader Analyst Team June 16, 2023 2 Min Read
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📆 Friday, June 16

► Global stocks are headed for their best week in over two months, boosted by Chinese stimulus bets and excitement surrounding artificial intelligence firms. The MSCI World Index has seen a 2.9% increase this week.

► The anticipation that the Federal Reserve might soon halt its tightening cycle is fueling risk sentiment, while expectations for increased government spending in China are rising, helping lift mining and energy stocks.

► However, a significant event on Friday could test investor confidence. The expiration of a massive amount of options contracts related to stocks and indexes, known as OpEx, could lead to sudden price swings due to portfolio adjustments.

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SmartTrader Analyst Team June 16, 2023
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