Major stock markets mostly rose on Monday, with Paris briefly reaching a fresh record.
Live coverage of the opening session of the National People's Congress is shown at a shopping mall in Qingzhou, China.PARIS - Major stock markets mostly rose Monday, with Paris briefly reaching a fresh record, as traders reacted to indications the Federal Reserve could soon end a policy of hiking interest rates.
Federal Reserve Chair Jerome Powell is set to discuss monetary policy before the House and Senate committees on Tuesday, proceedings that will be scrutinised by investors seeking rate outlook clues. The world's second-largest economy grew three percent last year, missing its target of around 5.5 percent under the impact of strict Covid-19 containment policies and a property crisis."China set itself one of the lowest gross domestic product target in many years, hinting to investors that the big reopening boom may not be as positive for the global economy as hoped," noted Neil Wilson, chief market analyst at Finalto trading group.
While markets were surprised by the Chinese announcement, OANDA analyst Craig Erlam said the lack of considerable stimulus to turbo-charge the economic recovery may be a blessing in disguise.
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.
International Finance: Stocks rally slowed by China; commodities decline: markets wrapA gauge of Asian shares advanced along with US and European equity futures while Chinese stocks fell, weighed down by a modest economic growth target that diminishes the prospect of more stimulus from Beijing.
Read more »
ChatGPT set to be a major disruptor in education, sending teachers into a panicThe emergence of Artificial Intelligence (AI) platform ChatGPT in November not only signalled a major step forward in technology but has been hailed by academics as “a technological revolution never seen before”.
Read more »
ChatGPT set to be a major disruptor in education, sending teachers into a panicThe emergence of Artificial Intelligence (AI) platform ChatGPT in November not only signalled a major step forward in technology but has been hailed by academics as “a technological revolution never seen before”.
Read more »
BREAKING NEWS LIVE | Ramaphosa to announce changes to his executive on Monday evening | News24News24 brings you all the latest news alerts from across South Africa.
Read more »