The fall in US inflation to 2.2% is the lowest since February 2021, increasing expectations for more aggressive interest rate cuts by the Federal Reserve.
China's central bank took steps to stimulate its economy by cutting borrowing rates and enhancing support for its housing market to spur growth.
Analysts warn that without substantial measures to boost investment, the US might face a recession next year, compounded by slowdown in China.
Russ Mould noted that the economic stimulus measures present a 'veritable feast' of opportunities aimed at boosting markets and supporting growth.
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