US stocks expected to open higher Tuesday
BEIJING (AP) - Global markets are rebounding this morning, after China's central bank cut its key interest rate.
It's a move aimed at supporting growth in the world's second-biggest economy. And it came after a 7.6 percent drop in the Shanghai stock index today.
The index plummeted 8.5 percent the day before. But European markets have recovered almost all of their Monday losses, with most rising at least 4 percent today. And U.S. stocks are expected to open higher.