A look at the day ahead in U.S. and global markets from Mike Dolan
hit new 14-month highs on Friday before a late retreat and futures continued the consolidation on Tuesday, marginally in red along with overseas bourses.
The main macroeconomic news overnight was a rather underwhelming Chinese rate cut that seemed to disappoint the local stock and currency markets, both of which fell. The People's Bank of China cut two benchmark lending rates - its one-year and five-year loan prime rates - by 10 basis points each. The prime rate cuts, the first in 10 months, followed similar easing in other money rates last week but were less aggressive than some had hoped - with 50% of respondents to a Reuters poll forecasting a 15-bps cut to the five-year rate.
While some now doubt whether China is prepared for another mega monetary or fiscal stimulus to support its spluttering post-COVID recovery, the rate moves do stand in contrast to ongoing Western credit tightening and come alongside some thaw in Beijing's relations with Washington.welcomed "progress" on easing bilateral tensions after shaking hands with U.S.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Morning Bid: Investors look ahead to China rate decisionU.S. Secretary of State Antony Blinken's trip to China also will be in focus.
Weiterlesen »
Morning Bid: China to cut rates, but by how much?A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
Weiterlesen »
Morning Bid: Ready for more rate hikes, and one cutA look at the day ahead in European and global markets from Wayne Cole.
Weiterlesen »
Blinken meets Chinese President Xi in bid to ease soaring U.S.-China tensionsU.S. Secretary of State Antony Blinken met with Chinese President Xi Jinping on Monday as he wrapped up a two-day high-stakes visit to Beijing aimed at easing soaring tensions between the countries.
Weiterlesen »
Blinken meets Chinese President Xi in bid to ease soaring US-China tensionsU.S. Secretary of State Antony Blinken has met with Chinese President Xi Jinping as he wrapped up a two-day high-stakes visit to Beijing aimed at easing soaring tensions between the countries.
Weiterlesen »
Antony Blinken meets Chinese President Xi in bid to ease US-China tensionsU.S. Secretary of State Antony Blinken will meet with Chinese President Xi Jinping Monday, the State Department said, as America’s top diplomat wrapped up a two-day visit to Beijing aimed at easing soaring tensions.
Weiterlesen »