☰

Bolsa, mercados y cotizaciones

Treasury's McCormick sees markets stabilizing


    SHANGHAI (Reuters) - Treasury Undersecretary David McCormick said on Tuesday that U.S. measures in response to the credit crisis were starting to have a positive effect on credit markets and he expected to see stability in all markets, including equities, in the next days or weeks.

    He told a briefing for reporters it was appropriate for the yuan to continue appreciating and that he expected China to continue acting as a stable force in global markets.

    He said the yuan should appreciate both in nominal terms and in trade-weighted terms.

    (Reporting by Samuel Shen; Editing by Edmund Klamann and Ken Wills)