China’s central bank policy easing gives boost to European and US markets

Beijing acts to tackle slowdown in world's largest economy with biggest easing of policy by People's Bank of China since 2008

The biggest easing of policy by the People's Bank of China since the depths of the global financial crisis in late 2008 provided a boost to stock markets in Europe and North America on Monday.

Share prices rose as investors responded positively to signs that Beijing was acting to tackle the slowdown in the world's biggest economy in recent months.