China looks all but certain to hit its growth goal of about 5% for 2023, shifting attention to whether deflation risks, the housing crisis and a lingering confidence crunch will derail efforts to build momentum this year. Data due on Wednesday will likely show China’s gross domestic product expanded 5.2% for the entirety of last … Read more
Stock Market Today: Dow, S&P Live Updates for November 16 Bloomberg Source link
Economic growth in China exceeded forecast, helped by stronger retail sales at the end of the third quarter and bolstered by government stimulus efforts. Household demand was also robust in the US and likely contributed to the strongest pace of economic growth in nearly two years. Meanwhile, persistent industrial woes are projected to leave the … Read more
ECB Quarter-Point Quandary Keeps Market on Tenterhooks Bloomberg Source link
What do you do when two indicators seemingly measuring the same thing point in different directions? Those closely watching UK manufacturing lately may have encountered this very conundrum, with purchasing managers’ indexes (PMIs) diverging from the ONS’s official industrial production measure. Whilst the former suggests contracting activity, the latter—though not strong—has trundled along. The apparent … Read more
China’s central bank unexpectedly lowered a key interest rate in a bid to invigorate an economy beset by a deepening property slump and lackluster consumer demand. Data this week showed home prices in China fell for a second month in July, while industrial production and retail sales disappointed. After cutting rates on Tuesday by the … Read more
The Circuit Hosted by high-profile journalist Emily Chang, The Circuit is a fast-paced, dynamic series that lives at the intersection of culture, tech, entertainment, and business. Every week, Chang will go on location to meet the world’s most fascinating founders, influencers, and innovators, conducting intimate interviews and bringing audiences behind the scenes of the most … Read more
US inflation continued along a path of moderation that is bolstering prospects for an economic soft landing, while across the globe in China, consumer and producer prices fell in tandem. The US core consumer price index, a closely watched measure of underlying inflation, posted the smallest back-to-back advances since early 2021 and suggested central bankers … Read more
Germany is among several major economies rethinking their trade relationships with geopolitical rivals. But it’s finding out what the US and others are discovering — reducing ties with China is complicated and costly. “Germany will need China more than China needs Germany,” ING economist Carsten Brzeski said. “We will see a gradual reduction in Germany’s … Read more