Shell PLC (NYSE:SHEL) stock is trading higher by 3.1% to $65.21 during Monday’s session due to optimism surrounding China’s economic stimulus plans, which could boost energy demand and industrial activity.
What To Know: Ahead of China's annual Central Economic Work Conference, U.S.-listed stocks with strong ties to China's economy have seen rising investor confidence. Shell's diverse global energy portfolio, which spans traditional oil and gas as well as renewables, is well-positioned to capitalize on this positive momentum.
The Politburo, led by President Xi Jinping, recently pledged "more proactive" fiscal policies and "moderately" looser monetary measures for 2025, aiming to boost domestic consumption and stabilize markets.
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