BUSINESS

Late rally dispels gloom from weak Chinese GDP

Business, Published on 26/10/2015

» Recap: Global stock markets rallied late last week after the European Central Bank hinted at more stimulus and some top US corporations reported healthy earnings. The mood had been downbeat earlier after China reported third-quarter GDP growth below 7% for the first time since the 2008 global crisis. However, investors remain cautious ahead of this week's US Federal Reserve meeting.