The UK's largest companies were climbing this morning on the back of Chinese stimulus hopes, after Shanghai Securities News said Chinese banks have "sped up" lending.
The financial newspaper cited the Chinese-language publication, China Times, as saying that the speed of approval for infrastructure projects across the country has encouraged lending. The news that the world's economic powerhouse is showing renewed signs of strength helped lift shares across the globe. The FTSE 100 was up 0.56% at 5,386 in early trading, with miners among the best performers as hopes that a stronger Chinese economy could boost the demand for commodities. Rio Tinto, and Xstrata were two of the biggest risers, up 2.59% and 1.74%. Markets across Europe were also maki...
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