monetary policy by the Federal Reserve and China's economic challenges acted as a limiting factor to the extent of these gains.
Chinese stocks underperform on Tuesday, largely due to traders' sentiments being significantly impacted by China's economic challenges, triggered by the People's Bank of China disappointing the Loan Prime Rate by 10 basis points , falling short of the anticipated 15 bps reduction. This move suggests that China may be prioritizing the support of current borrowers over bolstering credit expansion.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Asian stocks mixed as traders await Fed conference for interest rate updateAsian stocks are mixed as traders look ahead to the Federal Reserve’s summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: Asian stocks mixed as traders await Fed conference for interest rate updateAsian stocks are mixed as traders look ahead to the Federal Reserve’s summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian stocks mixed as traders await Fed conference for interest rate updateAsian stocks are mixed as traders look ahead to the Federal Reserve’s summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation.
Source: wjxt4 - 🏆 246. / 63 Read more »
Asian Stock Market: Trades mixed following PBoC rate cut, Chinese stimulus support eyedThe week began on a tepid note for Asian stock markets as China slashed its Loan Prime Rate (LPR) for one year by a smaller margin than anticipated w
Source: FXStreetNews - 🏆 14. / 72 Read more »
Stock market today: Asian stocks mixed as traders await Fed conference for interest rate updateAsian stocks are mixed as traders look ahead to the Federal Reserve’s summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation.
Source: AP - 🏆 728. / 51 Read more »
How to Get Rich and Famous From a Stock Market Crash‘Big Short’ hero Michael Burry sees disaster and—eventually—he’ll get it right again.
Source: WSJ - 🏆 98. / 63 Read more »