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China Stimulus Plan Boosts Stocks; Germany Recession Concerns | Bloomberg The Pulse 09/24/24

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European stocks and US futures advanced after a slew of stimulus measures from China aimed at shoring up economic growth spurred investor appetite for riskier assets. Sectors exposed to China, including miners, luxury goods makers and automakers all gained. Meanwhile, Germany’s business outlook worsened again – reinforcing fears that Europe’s biggest economy is in a recession with no quick rebound imminent. Speaking on the Pulse, Ifo President Clemens Fuest says the key weakness is across the manufacturing sector, as companies reported a lack of factory orders.

Today's guests: Karim Moussalem, Selwood Asset Management Equities CIO; Clemens Fuest, IFO Institute President; Stephane Boujnah, Euronext Chairman; Stuart Neal, Boku CEO

Chapters:
00:00:00 Market check
00:03:11 The Pulse with Francine Lacqua
00:03:56 China unleashes stimulus measures
00:05:22 China cuts rates, existing mortgage costs
00:08:09 EXCLUSIVE: Karim Moussalem, Selwood Asset Management Equities CIO
00:13:48 European stocks advance on China stimulus
00:16:05 Clemens Fuest, IFO Institute President
00:19:32 Fuest: Can't exclude negative growth this year
00:22:09 Israel strikes on Lebanon kill hundred
00:23:54 Growing fears of wider Middle East war
00:26:45 Stephane Boujnah, Euronext Chairman
00:33:12 Rachel Reeves on UK industrial strategies
00:34:30 Stuart Neal, Boku CEO
00:39:44 UniCredit ups stakes in Commerzbank

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