Global Market Update: Mixed Reactions as Wall Street Wraps Up Strongest Week of the Year
European Stocks Open Higher European markets opened on a positive note following Wall Street’s strong finish last week. Key indices showed gains as investor confidence remained strong across the region: Asian Markets React to China’s Stimulus Package Asian markets saw mixed results as China’s recently announced stimulus package failed to meet investors’ high expectations: China’s […]
Reviving Growth: China’s New Spending Initiatives and Economic Challenges
China has announced plans to significantly boost government spending in an effort to reignite its slowing economy. According to Finance Minister Lan Foan, the country will issue more government debt to provide subsidies for low-income households, support the struggling property market, and inject capital into state-owned banks. Increased Fiscal Stimulus Measures In a recent press […]
Taiwan Central b=Bank Likely to Announce Another mild Rate Hike: Reuters Poll
Taiwan’s central bank is expected to raise its policy rate again this week at the same mild pace as before, according to economists polled by Reuters, but as exports and inflation slow it may hold that rate steady next year to support the economy. The central bank is likely to lift the benchmark discount rate […]
Oil Holds Near $59 as Fed’s Powell Points to Economic Growth
By Administrator_ India Capital Sands Oil was steady near $59 a barrel as trading opened in Asia after Federal Reserve Chair Jerome Powell said the U.S. economy was poised for stronger growth while cautioning that Covid-19 still remains a threat. Futures in New York were little changed after dropping 3.5% last week. The economy is […]