Goldman Sachs raise China equity index target, ‘reopening’ evolves into ‘growth recovery’
Goldman Sachs target China’s CSI300 to 4800 had previously set their target at 4500 GS says China is evolving from “reopening” to a wider “growth recovery” theme — UBS also, says “we continue to hold a positive view on the China market”, citing: herd immunity occurring faster than expected undemanding valuations policy support likely to […]
Caution triggers as global growth encounters a downward revision
Asian stocks are expected to remain cautionary as global growth has encountered a downward revision. Global markets are likely to remain on tenterhooks ahead of the US GDP release. Oil price has dropped below $80.50 as the US recession fears are still solid. Markets in the Asian domain are showing signs of caution amid the […]
EZ Service Sector Back in Growth While UK Slumps Further |
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How Fintech Accelerates the Growth of Numerous Industries
A good business cannot exist without profits, and the foundation of profits is a secure and convenient payment mechanism. If a company cannot make and receive payments on time, it will be unable to cover its operating expenses. Despite apparent progress in the financial system, not all legitimate businesses can access high-quality financial services in […]
More favourable China’s economic prospects after abandoning zero-Covid policy – Rabobank
On the 7th of December China surprised friend and foe with an abrupt zero-covid U-turn. This year’s forecast has considerable up- and downside risks. Still, economists at Rabobank believe that from a medium-term perspective, China’s economic prospects have become more favourable after abandoning zero-Covid policy. A pivotal pivot? “While from a long-term perspective China’s decision […]
Fed’s Bullard doesn’t want to ‘stall’ on getting interest rates over 5%
The Federal Reserve should not “stall” on raising its benchmark rates until they are above 5%, said St. Louis Fed President James Bullard, on Wednesday. “I like the front-loading story,” Bullard said in an interview with the Wall Street Journal that was streamed live . The Fed should move as rapidly as it can to […]
China’s GDP growth rate well shy of the official target in 2022
On Tuesday morning, the Shanghai Composite Index and Hong Kong’s Hang Seng fell as data published by the Chinese National Bureau of Statistics showed that the country’s Gross Domestic Product (GDP) grew by 3% in 2022, recording one of the slowest growth rates in the last decades. Commenting on China’s GDP growth, Goldman Sachs analysts […]
German ZEW Economic Sentiment Index rebounds to 16.9 in January vs. -15.5 expected
Economic sentiment in Germany and the Eurozone unexpectedly turned positive in January. EUR/USD remains unimpressed by the upbeat ZEW surveys, keeping its range around 1.0815. The German ZEW headline numbers showed that the Economic Sentiment Index returned to positive territory, arriving at 16.9 in January from -23.3 in December, beating the market expectation of -15.5. […]
China says its 2022 GDP growth was 3% – analyst response is: Nope, much lower
Chinese official economic data is often questioned. Usually quite rightly. This already from noted China analysts at CBB: Earlier: — Regardless of who you want to believe (I’d be with CBB over the NBS) China has abandoned its zero COVID policy and as its wave of resultant infections subsides the economy will respond to the […]
Netflix: Tepid Growth For The Coming Quarter?
The US unadjusted CPI in December remained sluggish for a sixth consecutive month at 6.5%, the lowest since October last year. Compared with the previous month, the seasonally adjusted CPI recorded –0.1%, which was lower than market expectations of 0% and the previous value 0.1%. This is the first time that the data has fallen […]