Category: Stimulus
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Dollar slips as China rolls out stimulus By Reuters
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Written by Tom Westbrook SINGAPORE (Reuters) – The yen stabilized on Monday as Japan’s new prime minister signaled that monetary policy should remain accommodative, while commodity currencies rose to their highest levels this year on investor hopes for a turnaround in the Chinese economy. The Japanese yen jumped on Friday…
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China’s FX conundrum mutes stimulus optimism: McGeever By Reuters
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Written by Jamie MacGyver ORLANDO, Fla. (Reuters) – It’s safe to say that the timing and scale of the stimulus measures launched by China this week were largely driven by the U.S. Federal Reserve’s massive interest rate cut just a few days ago. Unfortunately for China’s policymakers, however, the US…
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China’s FX conundrum mutes stimulus optimism: McGeever By Reuters
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Written by Jamie MacGyver ORLANDO, Fla. (Reuters) – It’s safe to say that the timing and scale of the stimulus measures launched by China this week were largely driven by the U.S. Federal Reserve’s massive interest rate cut just a few days ago. Unfortunately for China’s policymakers, however, the US…
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Crypto Breakout Edges? China’s Stimulus May Fuel Rally, Says QCP Capital—Here’s Why
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China’s recent stimulus measures have sparked optimism in global financial markets, and according to QCP Capital analysts, the effects could soon extend to the crypto space. While stock indices have responded positively to China’s economic policies, the cryptocurrency market has yet to see a similar surge. However, QCP Capital believes…
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Crypto Breakout Edges? China’s Stimulus May Fuel Rally, Says QCP Capital—Here’s Why
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China’s recent stimulus measures have sparked optimism in global financial markets, and according to QCP Capital analysts, the effects could soon extend to the crypto space. While stock indices have responded positively to China’s economic policies, the cryptocurrency market has yet to see a similar surge. However, QCP Capital believes…
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BCA suggest that the stimulus announced from China is 1990s Japan all over again
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In a note, analysts at Credit Analyst noted that the People’s Bank of China’s monetary easing measures could provide a short-term boost to market sentiment. However, drawing comparisons to Japan’s housing crisis in the 1990s, they cautioned that monetary easing alone is unlikely to halt the deflationary spiral or spark…
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China stimulus adds to reasons to stay long AUD
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Investing.com – UBS noted that news of additional Chinese stimulus has proven to be a clear boost for risk assets, providing further reason to maintain a long position in the Australian dollar. The USD/JPY pair was down 0.3% at 0.6872 at 07:55 ET (11:55 GMT), having fallen on Wednesday, but…
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Euro firms against dollar, yuan jumps on China’s stimulus boost By Reuters
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By Ray Wee and Linda Pasquini LONDON/SINGAPORE (Reuters) – The euro edged up against the dollar on Wednesday while the yuan hit its strongest level in more than a year as China’s aggressive stimulus package provided the latest boost to risk appetite. The US dollar – the traditional safe-haven currency…
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Asia FX ticks higher, yuan hits 16-mth high on China stimulus cheer By Investing.com
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Most Asian currencies rose slightly on Wednesday as the dollar was hurt by continued bets on interest rate cuts, while China’s yuan hit a 16-month high on optimism about more stimulus measures. The Australian and New Zealand dollars made strong gains thanks to their exposure to China, while the Japanese…
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yuan boosted by China stimulus cheer, Aussie rises before RBA By Investing.com
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Most Asian currencies rose on Tuesday as China’s yuan was supported by Beijing’s announcement of more stimulus measures, while the Australian dollar rose in anticipation of hawkish signals from the Reserve Bank. The weakness in the US dollar helped regional markets, as the greenback remained weak after the Federal Reserve…
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China stimulus pushes global shares to new peak, boosts commodities By Reuters
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By Sruthi Shankar and Ankur Banerjee LONDON/SINGAPORE (Reuters) – Global stocks hit record highs on Tuesday after China unveiled stimulus measures to support its economy and equity markets, sending Asian and European shares higher and leading to a rebound in commodity prices. People’s Bank of China Governor Pan Gongsheng announced…
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China stimulus pushes global shares to new peak, boosts commodities By Reuters
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By Sruthi Shankar and Ankur Banerjee LONDON/SINGAPORE (Reuters) – Global stocks hit record highs on Tuesday after China unveiled stimulus measures to support its economy and equity markets, sending Asian and European shares higher and leading to a rebound in commodity prices. People’s Bank of China Governor Pan Gongsheng announced…
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China Unleashes Stimulus Package to Revive Economy, Markets
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BEIJING, Feb. 11 (Xinhua) — China’s central bank has unveiled a broad package of monetary stimulus measures to revive the world’s second-largest economy, underscoring growing concern within Xi Jinping’s government over slowing growth and falling investor confidence. Most Read from Bloomberg People’s Bank of China Governor Pan Gongsheng cut the…
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China Unleashes Stimulus Package to Revive Economy, Markets
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BEIJING, Feb. 11 (Xinhua) — China’s central bank has unveiled a broad package of monetary stimulus measures to revive the world’s second-largest economy, underscoring growing concern within Xi Jinping’s government over slowing growth and falling investor confidence. Most Read from Bloomberg People’s Bank of China Governor Pan Gongsheng cut the…
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Aussie hits 2024 high as RBA stays hawkish; yuan climbs on China stimulus By Reuters
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By Kevin Buckland TOKYO (Reuters) – The Australian dollar rose to its highest level this year on Tuesday as the central bank underlined its determination to tame stubborn inflation, while the yuan rose to a 16-month high after fresh stimulus steps from China. The Reserve Bank of Australia kept interest…
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Aussie hits 2024 high as RBA stays hawkish; yuan climbs on China stimulus By Reuters
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By Kevin Buckland TOKYO (Reuters) – The Australian dollar rose to its highest level this year on Tuesday as the central bank underlined its determination to tame stubborn inflation, while the yuan rose to a 16-month high after fresh stimulus steps from China. The Reserve Bank of Australia kept interest…
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China Stimulus Hopes Rise as PBOC Cuts Rate, Plans Briefing
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China announced plans for a rare economic briefing by three top financial regulators as it cut one of its short-term interest rates, raising speculation that officials are preparing to step up efforts to revive growth. Most Read from Bloomberg Authorities announced Monday that central bank governor Pan Gongsheng would hold…
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Manufacturers now seek stimulus package as weak demand cuts sales
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Manufacturers are proposing a government stimulus package to revive their fortunes after sales mostly fell in an environment of weak demand for goods and high borrowing costs. A survey of corporate chief executives by the Central Bank of Kenya showed that 69.2% of manufacturing firms reported a decline in sales…
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China plenum meeting against the background of calls for more economic stimulus
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In case you missed it, China’s weak Q2 GDP data is here in this post, and it’s wrong for both the quarter/year and the year: The reasons behind China’s relatively slow growth are not mysterious: Long-term downturn in the real estate market Real estate sector is burdened with debt Household…