29-02-2016 18:25 via rocketnews.com

Wall St up slightly on China stimulus, oil price rise

By Abhiram NandakumarREUTERS – Wall Street edged up on Monday morning as cautious investors assessed China’s move to boost its slowing economy and higher oil prices raised hopes that the market had bottomed out. China’s central bank on Monday cut its reserve requirement ratio, or the amount of cash that banks must hold as reserves, for the fifth time in a year. “It’s sort of like a sugar shock, a bump in near-term growth at the expense of longer-term credibility. I
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