Data has shown an uptick in Chinese manufacturing activity in June, but there are still jitters about the country’s zero Covid-19 policy
The refurbished Hong Kong Stock Exchange in Hong Kong, China, on June 24 2022. Picture: BERTHA WANG/BLOOMBERG
China’s factory and service sectors snapped three months of activity decline in June as authorities lifted a strict Covid-19 lockdown in Shanghai, reviving output and consumer spending, Reuters reported. Markets, however, were also digesting Chinese President Xi Jinping’s reiteration of the country's zero Covid-19 policy, while influential central bankers at a European Central Bank forum overnight had reiterated concerns over persistent inflation.
In morning trade, the Shanghai Composite was up 1.3%, Japan’s Nikkei was down 1.4%, while the Hang Seng was flat.
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.
List SOEs on JSE to help economic growth – business experts | The CitizenGovernment will need to correct the wrongs that face each SOE first
Read more »
FMCG retailer CA Sales lists on the JSE[LISTEN] 'Our business is around branded consumer goods and I think our story is a good one as far as future employment is concerned,' Duncan Lewis – CEO of CASales Holdings tells FifiPeters. MoneywebNews MoneywebRadio
Read more »
Market Watcher: JSE loses steam just before closing[MARKET WATCHER] Mia Kruger of Kruger International discusses the day’s market moves, load shedding prompting a shift to renewable energy stocks, banking sector weakness, and consumer spending habits. MoneywebNews
Read more »
MARKET WRAP: JSE firms while rand above R16/$ as stage 6 load-shedding kicks inBourse closes higher amid mixed global markets, with China’s relaxation of Covid-19 rules lifting sentiment
Read more »
JSE slips on renewed fretting about a poor economic outlookThe US Federal Reserve has played down the risk that the US economy will tip into a recession
Read more »
MARKET WRAP: JSE weaker as central bankers remain hawkishECB president Christine Lagarde tells the bank’s annual forum that the era of cheap money is over, while Fed chair Jerome Powell says inflation remains a bigger threat than recession
Read more »