This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: China just announced its biggest economic stimulus since the pandemic, which is reverberating in stocks and commodities worldwide. After the details of the monetary stimulus and support for the stock market were announced…
China stocks are getting a boost after the People’s Bank of China (PBOC) unveiled new stimulus measures for its struggling economy. KraneShare senior investment strategist Anthony Sassine joins Market Domination to discuss the move and how it may impact the Chinese consumer. “This is a great step in the right direction. We’ve been waiting for…
By Liangping Gao, Ellen Zhang and Marius Zaharia BEIJING/HONG KONG (Reuters) – China’s central bank has shifted to a more aggressive easing stance, but its policy weapons don’t have the key enemy to economic growth in their line of sight: the persistently weak consumer demand. The liquidity injections and the lower borrowing costs flagged by…
The medium-term lending facility — the interest for one-year loans to financial institutions — was cut from 2.3 percent to 2.0 percent, the People’s Bank of China said (ADEK BERRY) China’s central bank on Wednesday said it would slash another key interest rate, a day after it unveiled a raft of new measures aimed at…
China has cut interest rates in a major move that will no doubt put pressure on the RBA. (Source: Getty) With great fanfare, the People’s Bank of China cut mortgage interest rates this week. Markets screamed with happiness, bidding up iron ore miners. There’s only one problem: the cuts are the equivalent of an ant…
(Bloomberg) — China is weighing plans for a stock stabilization fund, and will unleash at least 800 billion yuan ($113 billion) of initial liquidity support for its beleaguered equity market. Mainland and Hong Kong shares jumped. Most Read from Bloomberg The People’s Bank of China will set up a swap facility allowing securities firms, funds…
SHANGHAI (Reuters) – China is widely expected to trim its main policy and benchmark lending rates on Friday, a Reuters poll showed, after the Federal Reserve’s outsized interest rate cut removed some of the risks around sharp yuan declines. Monetary policy divergence and a weakening Chinese yuan have been the key constraints limiting Beijing’s efforts…