Spanish stock market gains 0.97 per cent on China rate cut
epa09959734 General view of Madrid's Stock Exchange Market, in Madrid, Spain, 20 May 2022. The Spanish stock market has increased its gains after the opening and is already up 0.97 per cent, boosted by the new monetary stimuli in China, which has lowered interest rates on long-term loans more than expected, which will reduce mortgage costs. Minutes after the opening, the main Spanish selective index, the IBEX 35, has already added 81.70 points, that 0.97 per cent, and stands at 8,487.00 points. EPA/VEGA ALONSO DEL VAL
