​Global Markets Soar, Gold Hits Record After China Vows Fiscal Policy Bonanza, Micron Surges – Tyler Durden

Global Markets Soar, Gold Hits Record After China Vows Fiscal Policy Bonanza, Micron Surges Global stocks are soaring after China pledged fiscal stimulus even as traders raised their bets on interest-rate cuts by major central banks (the two are contradictory but who cares). Futures on the S&P 500 climbed 0.8% as US-listed China stocks soared and Micron surged in premarket trading after the company reported stronger than expected earnings and guided higher. As of 8:00am ET, Nasdaq 100 futs jumped 1.5% and the Stoxx 600 index in Europe headed for a record close on the back of what is just shy of China’s “whatever it…  — Continue at ZeroHedge News : Read More