Officials in China, whose stock market woes have riled world markets, stepped up after the close of the market to cut interest rates and allow banks to lend more.
Markets in Europe and U.S. stock futures were already higher before China’s move, and the stimulus added to the rebound from one of the worst trading days in years on Monday.
U.S. stock futures were up more than 4% and markets in Germany and the U.K. climbed.
via CNN 
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.