News24 | Global stocks firm, bitcoin loses some oomph as Biden steps down
![News24 | Global stocks firm, bitcoin loses some oomph as Biden steps down](https://cdn.24.co.za/files/Cms/General/d/12006/380f94de61e94ddeb1838ca897eeaafe.jpg)
Global shares steadied on Monday, after President Joe Biden's decision to bow out of the election race at the weekend injected a degree of optimism into the markets, while a surprise rate cut by China's central bank failed to give Asian markets any pep.