China will promote economic growth to a “reasonable” range while it pursues higher quality development. This was a statement from Premier Li Keqiang on Tuesday by state radio. Li did not give specific growth targets. The government would continue to implement policies. That is to support sectors in difficulties in this time of the coronavirus …
China to Promote Economic Growth to a ‘Reasonable’ Range Read More »
Global stocks look to a fresh record high on Monday. Signs of economic recovery in China and Japan, bolstered investor sentiment. Moreover, recent strong corporate earnings and hopes of a COVID-19 vaccine strengthened market sentiment. The MSCI World Index of global shares gained 0.4% to 608.98 points. It was just shy of the record high …
Global Stocks on Track for Record High & with Vaccine Hopes Read More »
Fifteen countries in Asia-Pacific are set to finalize negotiations on Sunday and sign what could become the largest free trade agreement. It would cover nearly a third of the global population. Moreover, about 30% of its global gross domestic product. At the end of a four-day ASEAN summit in Hanoi, the Regional Comprehensive Economic Partnership …
Australia stocks ended lower on Friday’s stock market. Leading the shares lower were losses in the A-REITs, Utilities and Energy sectors. The S&P/ASX 200 dipped 0.20% at the close in Sydney. Outperformers of the session on the S&P/ASX 200 were Graincorp Ltd. They rose 9.11% or 0.36 points to trade at 4.31 at the close. …
Australia Stocks End Lower; S&P/ASX 200 Dips 0.20% Read More »
Japan’s economy will likely shrink more slowly than previously anticipated this fiscal year. According to a poll, recovering exports offered relief for policymakers with few tools to cushion the blow from the pandemic. However, uncertainty over the coronavirus’ fallout will continue to weigh on consumer prices. It may put Japan at the point of mild …
U.S. tech stocks regain some momentum, but China’s is down again. Beijing has drafted harsh new antitrust measures. Oil prices bounce back on signs of strong U.S. demand. OPEC’s monthly report will be out later. The U.S. broke its records for new cases of coronavirus infections. Almost 62,000 people are now hospitalized with the virus. …
European shares rose for a third straight session in the stock market on Wednesday. Enthusiasm around a COVID-19 vaccine counteract worries about the economic damage from surging COVID19 infections across Europe. The pan-European STOXX 600 rose 0.5%, building on a 5% rally this week. Investors bought into utilities and travel-related stocks. Stocks is a sector …
EU Shares Extend Rally on Vaccine Cheer | Trade Market News Read More »
The world’s top central bankers will attempt to resolve the existing questions of their profession this week. They take a break from the COVID-19 crisis and tune into the European Central Bank’s annual policy symposium. Officials will attempt to figure out why monetary policy is not working as it used to. This will also include …
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