Yahoo Finance’s Kevin Cirilli discuss how Chinese stocks are performing after Chinese leader Xi Jinping consolidated power at the Party congress.
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Stock Market Today: Stocks Higher on Fed Rate ‘Pivot’ Hopes; China Slumps As Xi Consolidates Power
Slower growth prospects, and hints of a Fed ‘pivot’ on interest rate hikes, has bond yields moving sharply lower and stocks extending gains Monday.
BOJ, BoJo, Beijing and Bond Bounce
The reports triggered a recoil in U.S. bond yields from their highest levels in over a decade, while futures pricing for a peak Fed ‘terminal rate’ of more than 5% next year fell back by…
China’s Share Of Global Economy Set To Stall- New Research
Over the last half century the Chinese economy has transformed from a beleaguered struggling emerging market into a global power house, with high growth year after year after year, sometimes …
China Stock Markets Down Following Xi Jinping’s Power Play
China’s stock market dropped on Monday after Xi Jinping was confirmed as the country’s leader for a third consecutive five-year term, breaking with the Communist Party’s traditional two-term limit. As …
Fire Sale! China’s “Warren Buffett” Races To Sell Assets
The debt crisis that roiled China’s real estate market has spread to one of the country’s largest conglomerates. Fosun, owner of an English Premier league soccer team, Portugal’s largest bank and Club …
Beijing Pulling Back? China’s Loans to Kenya Drop for First Time in 15 Years, Treasury Data Shows
National Treasury report indicated that Kenya’s borrowing from China reduced significantly from KSh 7.05 billion recorded in 2021 to KSh 6.83 billion in 2022.
Xi Jinping’s Power Grab Spooks China Investors
The concern is that President Xi now has unfettered power to pass policies that are not friendly to the market,” says Justin Tang of United First Partners.
China waits till congress’s end to release key economic data
China unexpectedly released delayed economic data Monday, a day after the conclusion of a key Communist Party congress, showing weak growth and prompting markets to plunge. Last week, China’s …
China Appoints Three Policy Bank Executives After Party Congress
China has named Xu Shouben and Wang Weidong as vice presidents of China Development Bank (CDB), the nation’s biggest policy lender, according to statements released by China’s banking regulator on …
China waits till congress end to release key economic data
China on Monday unexpectedly released delayed economic data a day after the conclusion of a key Communist Party congress, showing weak growth and prompting markets to plunge. Last week, China’s …
Dollar absorbs suspected yen intervention, China data mixed
The U.S. dollar weathered another suspected blast of Japanese intervention to push higher on the yen on Monday, while for equities a drop in Chinese markets took the shine off hopes for an eventual …
6 key surprises from China’s Communist Party Congress
China’s President Xi Jinping on Sunday secured a precedent-breaking third leadership term and introduced a new Politburo Standing Committee stacked with his key allies. The events over the past week …
