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China's Central Bank Announces Plans To Support Stock Market

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Oct. 18, 2024. (AP Photo/Ahn Young-joon)

World shares have mostly gained after China’s central bank released plans for supporting the stock market through share repurchases by companies and major shareholders. European markets opened mostly higher, with Germany's DAX up 0.2% at 19,617.85. In Paris, the CAC 40 gained 0.6% to 7,629.20. Britain's FTSE 100 slipped 0.3% to 8,383.20.

The European Central Bank cut its main interest rate by a quarter of a percentage point on Thursday, helping send shares higher. The future for the S&P 500 was up 0.2% while that for the Dow Jones Industrial Average was little changed.

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