Chinese stocks sank on Monday after China’s central bank made smaller-than-expected adjustments to interest rates, undermining hopes of stimulus for the world’s second largest economy.
“The underwhelming LPR announcement strengthens our view that the PBOC is unlikely to embrace the much larger rate cuts that would be required to revive credit demand. Hopes for a stimulus-led turnaround in economic activity largely depend on the prospect of greater fiscal support,” analysts at Capital Economics wrote in a research note on Monday.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Hong Kong stocks fall for seventh day as Japanese stocks gainAsia-Pacific stocks mostly increased Monday, Aug. 21, with shares in Hong Kong declining for the seventh day. Hong Kong stocks dropped, with the Hang Seng...
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »
Chinese Stocks Drop. China’s Central Bank Delivered This Unwelcome Surprise.The People’s Bank of China reduced its one-year loan prime rate by 0.1 percentage point to 3.45% while the five-year rate was kept unchanged at 4.2%,...
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »
Uber and more: Bank of America names over 10 top stocks with ‘triple momentum’Analysts at Bank of America screened for 'triple momentum' stocks based on their momentum in three areas: earnings, price and positive news.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »
Bitcoin Mining Stocks Are Up 200% YTD, but One Has Soared Almost 400%While several BTC mining stocks have soared significantly, one stands above all.
Sumber: Crypto_Potato - 🏆 568. / 51 Baca lebih lajut »