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Stocks soar again as China rate cut dovetails Draghi
Shoaib Ur Rehman
23 Oct, 2015
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Copyright Reuters, 2015
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![](https://i.brecorder.com/images/2015/10/eu-stock0.jpg">LONDON: World stocks soared again on Friday after China cut interest rates for the fourth time this year, just a day after the European Central Bank signalled that it is ready to increase the scale of its stimulus measures. </P><P>China's surprise out of hours move saw it cut it benchmark one-year lending rate by 25 basis points to 4.35 percent and lower big banks' reserve requirement ratio by 50 basis points to 17.5 percent. </P><P>European shares and Wall Street futures kept climbing, having jumped on Thursday's message from ECB chief Mario Draghi that the central bank was ready to adjust )
