Global stocks, oil, dollar rise after China cuts rates

August 25, 2015 2:58 PM

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Global stocks, oil, dollar rise after China cuts rates

Stocks, oil prices and safe-haven bond yields rose on Tuesday as a tentative market rebound picked up pace after China cut interest rates and banks' reserve requirements to kick-start its wavering economy.

Wall Street opened more than 2-percent higher, recouping some of its losses from the previous day's selloff, its worst in four years, which had put the S&P 500 and Nasdaq composite indexes in correction territory.

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