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PBOC stimulus sends China equities soaring
The PBOC’s rate cuts come into effect with trillions of yuan worth of further stimulus measures potentially due next week. Beijing’s stimulus blitz c…
1 year, 9 months ago
Micron Q1 revenue forecasts top estimates
Micron shares are up after the memory chip maker smashes Q1 revenue forecasts. Its bumper outlook pushes tech stocks up in Asia, helping along a regi…
1 year, 9 months ago
Commerzbank names new CEO
Commerzbank promotes CFO Bettina Orlopp to CEO as the German lender faces takeover advances by Italy’s Unicredit. Chinese equities see an extended ra…
1 year, 9 months ago
PBOC unleashes wave of stimulus measures
Asian equities hit a two-and-a-half-year high following stimulus measures from Beijing. The PBOC cuts the seven-day reverse repo and the RRR in a bid…
1 year, 9 months ago
PBOC cuts short-term repo rate
China surprises by slashing its key short-term repo rate and announcing a rare economic press conference which triggers speculation of further stimul…
1 year, 9 months ago
Wall St tech stocks soar following Fed rate cut
Wall Street notches its best day in six weeks with tech stocks leading the way as the markets celebrate this week’s 50bps Fed rate cut. In China the …
1 year, 9 months ago
Fed delivers milestone 50bps rate cut
The Federal Reserve announces its eagerly awaited first rate cut of 50 basis points since the outset of the Covid pandemic with policy makers predict…
1 year, 9 months ago
Robust U.S. retail data boosts S&P 500 to new high
In anticipation of the Fed’s milestone meeting, the S&P 500 hits a new record with retail data indicating the U.S. consumer and economy are more resi…
1 year, 9 months ago
Investors up bets on 50bps U.S. rate cut
The greenback falls and the Dow hits a record high with investors increasingly betting on a 50bps interest rate cut from the Fed later this week. In …
1 year, 9 months ago
Chinese economy stumbles
Chinese data indicates a slowdown in industrial activity and property prices with pressure now increasing on Beijing authorities to increase spending…
1 year, 9 months ago