China Confirms Policy to Boost Consumption Recovery, Billed as Key Economy Driver – Bloomberg
China’s State Council (government) said that as the economy reopens after three years of strict restrictions to curb the spread of the new coronavirus, there is a need to speed up the process of recovering consumption and make it the main driver of the economy and show recognition. State Central Television (CCTV) reported, noting a […]
[Marchnad yr UD]Nasdaq 100, sharpest week since November – USD 129 yen – Bloomberg
The US stock market continued to rise on the 27th. Amid signs of a slowdown in inflation, expectations for a small increase in interest rates have strengthened. Earnings forecasts for some of the tech giants fell short of expectations, but the impact on the market was limited. stock closing price Compared to the previous business […]
Calls to ban TikTok are growing stronger in the US Congress as pressure on the Biden administration – Bloomberg
The US Congress is calling for a total ban on the video sharing app TikTok in the US. The Biden administration is under pressure as the review of security risks posed by TikTok enters its final stages. Senator Hawley (Republican) has introduced a bill that would ban the download of the TikTok app on all […]
Weak Inflows to US Stocks Signal Economic ‘Hard Landing’ – BofA – Bloomberg
Investors are buying European stocks at the fastest pace in almost a year. Meanwhile, inflows into US equities have been sluggish amid recession fears. A report from Bank of America (BofA) showed. European equity funds received $3.4 billion in inflows in the week ended Friday, according to the report, which strategists including Michael Hartnett cited […]
US PCE Core Price Index Slows Further, Boosting Rate Hike Expectations – Bloomberg
Last December, the US Personal Consumption Expenditure (PCE) price index, which excludes food and energy, fell further from a year earlier, recording the slowest growth in more than a year. Meanwhile, spending fell, fueling speculation that the Fed would slow the pace of rate hikes even further. Key Point The PCE core price index rose […]
Financial Services Agency asks top regional banks to brace for rising domestic interest rates – Bloomberg
Financial Services Agency executives instructed senior managers of the regional banks to properly analyze and understand the impact of rising domestic interest rates on portfolios and credit costs, and to prioritize responding to market fluctuations. This was confirmed by a number of people familiar with the matter. At a meeting with regional bank leaders last […]
[5 llyfr y bore yma]Handpicked news you want to read at work – Bloomberg
In the fourth quarter of last year (4th quarter) real US gross domestic product (GDP) slowed from the previous quarter, but growth exceeded market expectations. As a result, there is widespread speculation that the Fed still has a way to go to achieve a soft landing. But consumer spending was weaker than expected, suggesting recession […]
US GDP Slows as Fed Wants; Recession Risk Remains – Bloomberg
US economic growth in the fourth quarter of 2022 (October-December 2022) outperformed market expectations and slowed modestly as the Fed hopes to keep inflation under control without stifling growth. But economists who have dug into the details of the statistics also see enough warning signs to suggest that there is a significant risk of recession […]
US GDP grows 2.9% in October-December
Real US gross domestic product (GDP) figures for the first quarter of last year rose faster than expected. However, the Fed’s aggressive rate hikes risk slowing growth this year, and underlying demand is showing signs of slowing. Key Point Preliminary real GDP for October-December increased by 2.9% year-on-year compared to the previous quarter The median […]
Accelerating the migration of wealthy Chinese abroad, fear of a huge capital outflow cancel corona zero-Bloomberg
As China lifts travel restrictions linked to the new coronavirus pandemic, the movement of wealthy Chinese to migrate abroad is accelerating. These Chinese can buy property and assets abroad, leading to huge capital outflows. Since the zero-corona policy was lifted last December, many wealthy Chinese have started traveling abroad to check properties and finalize migration […]
