Economic News Category

China’s Surprise Rate Cut Sparks Drop in Key Bond Yield and Yuan The recent surprise rate cut by the People’s Bank of China (PBOC) has sent shockwaves through the Chinese market. The aim was to stimulate economic growth, but it has led to unintended consequences. The benchmark government bond yield has plummeted to a three-year

S&P 500 Futures Weaken as China’s Economic Concerns Resurface Early Monday sees a subdued risk appetite as reports from China over the weekend cast further shadows on the world’s second-largest economy and the global economic landscape. Geopolitical tensions involving Russia and recent robust US data have also contributed to the prevailing sentiment, stoking fears of

UK Q2 GDP Preview: BoE Denies Recession Forecast Despite Expected No Growth The anticipation surrounding the United Kingdom’s economic trajectory heightens as the Office of National Statistics (ONS) gears up to unveil the first estimate of the UK’s Gross Domestic Product (GDP) for the second quarter on August 11. A palpable sense of curiosity persists,

Asian Stock Markets Slide Amid US-China Concerns; Focus Shifts to US CPI Asian stock markets are trending downwards on Thursday, reflecting a sense of caution due to apprehensions about potential deflation in China and renewed tensions in the US-China trade relationship. Traders are opting to stay on the sidelines as they await the eagerly anticipated

First Time in Over 2 Years: China’s Consumer Prices Experience a Drop China’s consumer prices have taken an unexpected turn, experiencing a notable decline for the first time in over two years. The latest official data released on Wednesday revealed a 0.3% drop in China’s consumer-price index (CPI) for the month of July compared to