Category: Stimulus
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Taxpayers could get a $1,400 stimulus check by the end of this month. Are you eligible?
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By the end of this month, taxpayers could receive a stimulus check of up to $1,400, depending on how they file their 2021 tax returns. the Internal Revenue Service It announced in December that it would distribute about $2.4 billion — up to $1,400 per person — in stimulus checks…
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China Faces Gloomy Earnings Season Amid Doubts Over Stimulus
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Breadcrumb links BMN Business China’s stimulus campaign came too late and was too small to have a significant impact on full-year corporate earnings, according to analysts, leaving investors bracing for a disappointing earnings season. Article writer: Bloomberg News Bloomberg News Posted on January 16, 2025 • 3 minutes read You…
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China Stimulus Sets Tone for Major Banks, HSBC Is All About Overhaul
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Breadcrumb links BMN Business China’s recent stimulus measures to revive the economy will set the tone for third-quarter earnings from major Chinese lenders including Industrial and Commercial Bank of China Limited, China Construction Bank, Agricultural Bank of China Limited and Bank of China Limited. Article writer: Bloomberg News Rachel Yu,…
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China could pick up ‘reluctant’ stimulus if Trump starts trade war: Goldman Sachs
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Monday in China Announced discounts to record interest rates, the latest in a series of measures to revive confidence in an economy struggling to grow after the Covid pandemic. Chinese stock markets swung as investors expected sweeping action from official press conferences, then were disappointed that policies fell short of…
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Dollar holds gains while investors parse China’s stimulus plans By Reuters
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Written by Vidya Ranganathan SINGAPORE (Reuters) – The dollar maintained its gains and even extended some gains in Asian trading on Monday as a holiday in Japan drained liquidity, leaving somewhat disappointing Chinese stimulus announcements at the end of the week the focus of market attention. The euro fell 0.13%…
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Dollar holds gains while investors parse China’s stimulus plans By Reuters
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Written by Vidya Ranganathan SINGAPORE (Reuters) – The dollar maintained its gains and even extended some gains in Asian trading on Monday as a holiday in Japan drained liquidity, leaving somewhat disappointing Chinese stimulus announcements at the end of the week the focus of market attention. The euro fell 0.13%…
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Asia FX muted with focus on China stimulus; yuan weakens on soft inflation By Investing.com
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Investing.com — Most Asian currencies were marginally lower on Monday, as traders digested moderate signals from China on its fiscal stimulus plans, while the yuan fell after weaker-than-expected inflation data. The dollar rose slightly, with focus shifting to a slew of Federal Reserve spokesmen this week for further signals on…
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Asia stocks rise; China volatile amid fiscal stimulus talk, weak inflation By Investing.com
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Investing.com — Asian stocks were mostly higher on Monday, while Chinese markets recorded heavy volatility after Beijing gave somewhat mediocre signals on its plans to distribute fiscal stimulus, as inflation data from the country was disappointing. Asian trading volumes were somewhat slow due to the Japanese market holiday. Regional markets…
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China offers few details on stimulus in Saturday’s press conference
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China’s State Council Information Office held a long-awaited press conference on Saturday, chaired by Finance Minister Lan Fu’an. The market was hoping for more announcements on fiscal stimulus after media was told that an invitation said officials would outline the country’s plans to intensify counter-cyclical adjustments in its fiscal policy.…
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Factbox-China unveils fiscal stimulus measures to revive growth By Reuters
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BEIJING (Reuters) – China’s Finance Ministry on Saturday unveiled a fiscal stimulus package aimed at reviving the faltering economy and achieving the growth target set by the government, but did not reveal the size of the new measures. The ministry said in a press conference that it would “significantly” increase…
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China’s briefing on stimulus gets lukewarm investor reception
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SINGAPORE (Reuters) – China said on Saturday it would significantly increase government debt issuance to provide support to low-income people, support the property market and replenish state banks’ capital as part of its efforts to revive faltering economic growth. Finance Minister Lan Fuan told a news conference that there would…
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China stocks ‘riding the dragon’s tail’ amid stimulus swings- MRB Partners By Investing.com
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Investing.com — China’s latest round of stimulus has sparked a strong rally in local stocks over the past few weeks, but MRB Partners said China’s earnings outlook remains weak, and it’s too early to upgrade local stocks. MRB Partners said that the recent rise in Chinese stocks was mainly driven…
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China stocks soar to 2-year peaks on stimulus hopes By Reuters
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(Reuters) – Chinese stocks rose to their highest levels in two years on Tuesday as mainland markets reopened after a week-long holiday amid a wave of speculation of more stimulus from Beijing. The CSI300 index rose 10% in early trading to its highest levels since mid-2022 and rose 9.7% and…
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Asia stocks surge on US payrolls cheer, China stimulus hopes By Investing.com
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Investing.com — Asian stocks rose on Monday, with Japanese shares leading gains as strong U.S. jobs data quelled concerns about an economic slowdown, while hopes for more stimulus measures in China also boosted sentiment. Regional stocks received positive signals from Friday’s rise on Wall Street, which came on the heels…
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Chinese Stocks Soar More Than 8% in Hong Kong on Stimulus Bets
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(Bloomberg) — Chinese stocks listed in Hong Kong jumped the most in nearly two years, adding to stimulus-induced euphoria as traders returned from a public holiday. Most read from Bloomberg The Hang Seng China Enterprises Index rose as much as 8.5%, extending its winning streak to 13 straight days. Real…
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3 cheap areas of the stock market to buy as the Fed unveils a ‘rare double whammy’ of stimulus, BofA says
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Ismagilov/Getty, Yellow Duck/Getty, Tyler Low/PI Bank of America said investors should snap up value stocks in three specific sectors. The company says it is poised to outperform as the Federal Reserve cuts interest rates while corporate profits continue to accelerate. Savita Subramanian, head of US equity strategy, refers to the…
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Why gold isn’t thrilled about the China stimulus news
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Gold is a laggard today, falling $27 to $2,630. It’s only a 1% drop and comes after a massive rally but it’s worth looking at gold now in light of what’s happening in China. Gold daily I’ve made this point several times in the last week or so: China has…