Asian Stock Market: China defends bulls from virus woes By anilpanchal7 Asia Equities RiskAppetite China Coronavirus
l leader and comments from the National Bureau of Statistics , as well as the People’s Bank of China rate cut, hint at further easy money policies. Even so, virus woes and fears of the faster Fed rate hike challenge the equity bulls.
It should be noted that the PBOC cut 1-year Medium-Term Lending Facility rate by 10 basis points to 2.85% before the China Q4 GDP rallied to 4.0% versus 3.6% expected and 4.9% previous readouts. Following the data release, NBS Head Ning Jizhe said that there was room for monetary policy to support growth while citing risks of big downside pressure on the economy.
Amid these plays, South Korea’s KOSPI drops over 1.0% as North Korea fired another ballistic missile whereas Indonesia’s IDX Composite declined 0.60% on softer trade numbers from Indonesia. Furthermore, India’s BSE Sensex remains indecisive around 61,270. Moving on, the key central bankers and top-tier data are likely to entertain investors during the current week. However, major attention will be given to the virus updates andInformation on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Get ready for the climb. Here's what history says about stock-market returns during Fed rate-hike cycles.As it turns out, during so-called Federal Reserve interest rate-hike cycles, which we seem set to enter as early as March, the U.S. stock market tends to...
Read more »
Here’s what real estate agents say to expect about the market in 2022The Escape Home's Danielle Hyams spoke with several real estate agents to get their thoughts on what buyers can expect this year.
Read more »
Smart guns finally arriving in U.S., seeking to shake up firearms marketPersonalized smart guns, which can be fired only by verified users, may finally become available to U.S. consumers after two decades of questions.
Read more »
Market Warch: Cardano (ADA) Explodes 8%, Bitcoin Maintains $42K RangeBitcoin failed at breaking above $44,000. Cardano went on a roll by registering an 8% increase to above $1.35.
Read more »
In California pot market, a hazy line between legal and notAn unwelcome trend is spreading in California, as the nation's most populous state enters its fifth year of broad legal marijuana sales.
Read more »
In California pot market, a hazy line between legal and not | AP NewsLOS ANGELES (AP) — On an isolated farm, greenhouses stand in regimental order, sheltered by a fringe of trees. Inside are hundreds of head-high cannabis plants in precise rows, each rising from a pot nourished by coils of irrigation tubing.
Read more »