Asian Markets Surge on Hopes of Chinese Bank Stimulus

Asian markets surged on Thursday, fueled by optimism over potential large-scale capital injections into major Chinese banks, countering previous Wall Street losses. This news, following recent stimulus announcements, signals China`s commitment to revitalizing its economy. The positive sentiment extended to European markets, which also anticipate a busy day with the Swiss National Bank`s rate decision and speeches from Federal Reserve and European Central Bank officials. Market attention will likely focus on the SNB`s potential third consecutive rate cut and insights into future monetary policy from central bank speakers.