Analysts said The mixed market performance was the result of some underlying Chinese data falling below expectations, despite the strong headline results.
"The thesis the market has that China is exiting the pandemic and growth will be driven by consumption is still in tact. While the recovery is on track, I don't think economic growth from what we have seen so far is exceeding expectations too much." For 2023, GDP growth was expected to pick up to 5.4%, a Reuters poll last week showed, from 3.0% last year, which was one of its worst performances in nearly half a century due to the pandemic.
The two-year yield , which rises with traders' expectations of higher Fed fund rates, touched 4.1773% compared with a U.S. close of 4.188%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian Stock Market: Shanghai soars as PBoC promises prudent policy, oil remains under pressureMarkets in the Asian domain are showing country-specific action. Volatility in Asian stocks seems higher despite S&P500 remaining less volatile on Fri
Source: FXStreetNews - 🏆 14. / 72 Read more »
Asian Stock Market: Mostly bearish amid volatility inspired by quarterly result season, oil attempts recoveryAsian Stock Market: Mostly bearish amid volatility inspired by quarterly result season, oil attempts recovery – by Sagar_Dua24 Asia China Nikkei Oil BOJ
Source: FXStreetNews - 🏆 14. / 72 Read more »
Fox News and Dominion trial delayed until Tuesday: What to know | CNN BusinessA trial in a defamation suit brought against Fox News by Dominion Voting Systems is set to begin this week. It could have significant ramifications for the right-wing cable channel. So you have time to comment on Hunter Laptop. Also Anthony Weiners laptop. Also manifesto of Trans shooter of Christian children /adults. Also why Bidan never went to East Palestine. Also Tara Reade. Also 9/11. Also OK City bombing. Great! Thanks! 🤔 What the heck does dominos have to do with Fox News?
Source: CNN - 🏆 4. / 95 Read more »