HSBC HOLDINGS PLC

China’s economic growth target of 5% for 2023 at risk due to property crisis

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China’s economic growth target of 5% for 2023 at risk due to property crisis

China will just about meet its economic growth target of around 5% for this year, the latest Bloomberg survey shows, although the ongoing property crisis is raising the risk of a miss. The economy is projected to expand 5% in 2023, according to the median estimate in a new Bloomberg survey of 78 economists — … Read more

S&P 500 Rally Is Set to Weather Higher Bond Yields, Investors Say

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S&P 500 Rally Is Set to Weather Higher Bond Yields, Investors Say

This year’s US stock market rally is strong enough to withstand another leg higher for bond yields, according to the latest Markets Live Pulse survey. With the soft-landing narrative for the world’s biggest economy gaining traction, the majority of 331 respondents expect losses for S&P 500 Index to be contained to less than 10% should … Read more