U.S. stocks pause as China's growth goal disappoints - BNN Bloomberg

Global stock markets paused on Monday after last week's rally, as investors waited to see if U.S. Treasury yields would extend their declines off recent highs and assessed the potential impact of China's modest new economic growth target.

“The announcement may disappoint some investors but on the other hand, it could ease some fears of a strong inflationary impact from China,” Kristoffer Kjaer Lomholt, head of FX and corporate research at Danske Bank, told clients in a note. Investors are waiting to see if this week's Fed Chair Jerome Powell's testimony to the Senate and House committees echoes recent hawkish comments from other Fed officials. However, current market pricing is for interest rates to rise to 5.4 per cent — in line with the amount of tightening Fed officials have suggested will be necessary. A 25 basis-point rate rise is fully priced for the Fed's March 21-22 meeting, with the outside chance of a 50 basis-point move.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Biden expected to tighten rules on U.S. investment in ChinaThe Biden administration is close to tightening rules on some overseas investments by U.S. companies in an effort to limit China's ability to acquire technologies that could improve its military prowess, according to a U.S. official familiar with the deliberations. Trudeau better change his investment portfolio 😜😆😆 Both the USA and Canada should be more worried about Chinese investment here, especially when it comes to essential minerals. Trump was already hard on China then Biden came in.
Source: CTVNews - 🏆 1. / 99 Read more »