(jaime.llinares@wsj.com)Burberry's Shares Up on China's Central Bank Cut to Mortgage Rate0944 GMT - Shares in Burberry are rising after the Chinese central bank announced that it is cutting a key mortgage rate, AJ Bell investment director Russ Mould says. China's central bank is trying to revive a struggling property sector by relaxing monetary policy, which benefits the British luxury-goods company given its substantial exposure to the Asian giant. "China's central bank continued to buck global trends," Mould adds, noting that its peers the Bank of England and Federal Reserve are in rate-hiking mode. The shares of the likes of Burberry are currently down, while Burberry's share price is up 1.1% at 1,886.50 pence. (sabela.ojea@wsj.com; @sabelaojeaguix)Contact: London NewsPlus, Dow Jones Newswires; Dow Jones Newswires; paul.larkins@wsj.com(END) Dow Jones NewswiresJanuary 20, 2022 05:42 ET (10:42 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.

Source: Wall Street Journal January 20, 2022 12:52 UTC