LONDON, July 25 (Reuters) – Global equities rose on Tuesday, buoyed by a rally in Asia, where the yuan rallied after China pledged to step up support for its sputtering economy, while signs of a slowdown in European growth dented the euro. China’s top leaders pledged late Monday to provide more aid to the economy,…
Resume China Steps Up Macroeconomic Adjustments – Politburo Says will focus on increasing domestic demand Will adjust and optimize the real estate policy in a timely manner Says the economy is facing new difficulties and challenges BEIJING, Jul 24 (Reuters) – China’s top leaders pledged on Monday to step up policy support for the economy…
But the fact that Beijing is moving more cautiously rather than rushing with stimulus measures may mean officials are confident that the full-year target is achievable. Market views turned from gloomy about “zero Covid” to rosy with its sudden lift. Now they have turned gloomy again as the post-Covid launch fell short of expectations. Investors’…
(Bloomberg) — China’s disappointing economic growth data prompted several economists to downgrade their forecasts for the year, citing major weaknesses in the recovery and Beijing’s relatively subdued stimulus response. Most read from Bloomberg JPMorgan Chase & Co., Morgan Stanley and Citigroup Inc. were among the banks that cut their economic growth forecasts to 5% this…
Resume New home prices in June have slowed from May Fewer cities are reporting increases Distressed real estate sector provides additional stimulus pressure BEIJING, Jul 15 (Reuters) – China’s new house prices remained unchanged in June, the weakest result this year, data showed on Saturday, increasing pressure on policymakers for more stimulus as the economic…
Resume Businesses STOXX 600 up to 0.2% Miners win the most as the dollar weakens The British FTSE is lagging behind other European stock exchanges Construction supply company Kingspan outperforms STOXX 600 July 11 (Reuters) – European stocks rose on Tuesday as investors hoped the US Federal Reserve was nearing the end of its rate…
(Bloomberg) – The stock market saw another session of mild movement as traders hesitated to make significant bets ahead of key inflation data that will help shape the outlook for the Federal Reserve’s next moves. Most read from Bloomberg With less than 24 hours to go until the release of the June consumer price index,…
BEIJING, Jul 10 (Reuters) – China should shift the focus of its stimulus from investment to consumption and further ease restrictions on urban living to boost the purchasing power of migrant workers, a central bank policy adviser said. “The target of our stimulus should shift from investment to consumption, which may more directly correspond to…
BEIJING: Chinese authorities are under pressure to back up their reassuring rhetoric on the economy with more substantive action.Equities in China are entering their third consecutive week of losses, the yuan is trading near its eight-month low and turmoil in the country’s credit market is mounting. While Prime Minister Li Qiang on Thursday promised to…
It’s no secret that Hollywood has long coveted the Chinese market and has even re-edited films to appeal to Chinese audiences. When iron man 3 Released 10 years ago, the filmmakers created a version of the film especially for China, in which Tony Stark travels to the country for heart surgery and the source of…
(Bloomberg) — China is expected to cut interest rates again this year and ramp up fiscal stimulus to fuel a faltering economy, according to economists surveyed by Bloomberg. Most read from Bloomberg The People’s Bank of China is likely to cut rates on its one-year policy loans — known as the medium-term credit facility —…
TIANJIN, China, June 27 (Reuters) – Chinese Premier Li Qiang said on Tuesday that China will take steps to stimulate demand, stimulate markets, promote development while accelerating the green transition and putting parts of its economy at “high level” to the outside world. At a World Economic Forum meeting in Tianjin, Li declined to comment…