(Bloomberg) — Asian stocks were poised for a mixed opening on Monday as traders grappled with continued political upheaval in South Korea and awaited signs of fresh stimulus from Beijing. Oil was steady after the Syrian government was toppled. Most Read from Bloomberg Australian stocks and equity futures in Hong Kong fell while those in…
BEIJING (Reuters) -China’s central bank announced on Monday it had activated its open market outright reverse repo operations facility and would use it to trade with primary dealers in open market operations on a monthly basis. The bank took the decision to maintain a “reasonable abundance of liquidity in the banking system and further enrich…
Major stock markets mostly dropped Monday on profit-taking and oil prices jumped as traders weighed fresh interest-rate cuts from China’s central bank aimed at reigniting the world’s second-biggest economy. Another record session Friday on Wall Street failed to carry over into the new week and inspire a similar rally elsewhere, as main equity indices mostly…
Asian markets swung Monday as traders weigh Chinese central bank interest rate cuts aimed at reigniting the world’s number two economy, while gold hit a record high on geopolitical concerns. Another record day on Wall Street on Friday was unable to inspire a similar rally at the start of the week, with traders also gearing…
Chinese stocks climbed on Friday after the central bank kicked off two funding schemes and urged swift adoption of financial policies to support capital markets, while mixed economic data kept up pressure on policymakers for more stimulus. The People’s Bank of China (PBOC) launched two schemes to initially pump as much as 800 billion yuan…
Hong Kong and Chinese stocks both rebounded from sell-offs after China’s central bank kicked off a US$70 billion financing facility to fund institutional buying and traders bet on more fiscal stimulus to shore up growth. The Hang Seng Index jumped 4.2 per cent to 21,508.37 at the noon break, set to snap a two-day, 11…
Mainland and Hong Kong markets advanced after China’s central bank released details of a facility allowing stock-buyers to access liquidity (STRINGER) Asian markets tracked a record day on Wall Street Thursday, with Shanghai and Hong Kong supported by a Chinese central bank move to boost liquidity for major stock-buyers. The yen sat around two-month lows…
The upcoming inflation report will help determine the Fed’s next move. Friday’s surprisingly strong jobs data has slashed bets of a half-point rate cut. The Fed is more likely to leave rates unchanged in November if price growth is strong, UBS says. Thanks for signing up! Access your favorite topics in a personalized feed while…
BEIJING (Reuters) -China’s central bank said on Sunday it would tell banks to lower mortgage rates for existing home loans before Oct. 31, as part of sweeping policies to support the country’s beleaguered property market as the economy slows. Commercial banks should, in batches, reduce interest rates on existing mortgages to no less than 30…
(Bloomberg) — China’s policymakers uncorked sweeping stimulus measures aimed at bolstering demand and keeping the world’s second-largest economy from slipping into a deflationary spiral. Most Read from Bloomberg The People’s Bank of China slashed interest rates on one-year loans and eased rules on purchases of second homes. The government also issued cash handouts and floated…