Power Breakfast: Great Consecutive Rally In Global Markets On Both Days, China Central Bank Slashed Rates By 0.1%
Zee Business Video Team | Updated: August 16, 2022 08:31 AM IST
There has been a great rally in the US market. From the day's low, Dow gained 300 points and closed with a gain of 150 points and Nasdaq gained nearly 100 points. At the same time, the Central Bank of China reduced rates by 0.1% yesterday. Crude oil fell 7% in 2 days and reached a 6-month low. While gold came down to $1800.
