The JSE is opening to green tickers from Asia on Tuesday morning as Chinese tech stocks jumped with Tencent, Alibaba and food delivery giant Meituan rising.
China’s economy is suffering under its zero-Covid9 policy, which aims to eliminate instead of living with the coronavirus, and outbreaks in cities. This is affecting supply chains across the world as Chinese supplies dry up. Local focus this week will be squarely on the Reserve Bank, which is expected to announce a 50-basis point interest rate hike on Thursday. Consumer inflation numbers for April are due the day before, and are expected to show an acceleration from March’s reading of 5.9%.
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Asian stocks battle as weak Chinese data reflect lockdown hitApril retail sales plunged 11.1% on the year, almost twice the drop forecast, while industrial output dropped 2.9% I am super excited right now, I can now pay my bills and take good care of my family.. Thank you for bringing happiness to my home with just $5000 i got $50,000 in 7days Williamchurch07
Source: BDliveSA - 🏆 12. / 63 Read more »
Asian stocks battle as weak China data reflect lockdown hitApril retail sales plunged 11.1% on the year, almost twice the drop forecast, while industrial output dropped 2.9% I am super excited right now, I can now pay my bills and take good care of my family.. Thank you for bringing happiness to my home with just $5000 i got $50,000 in 7days Williamchurch07
Source: BDliveSA - 🏆 12. / 63 Read more »
Asian stocks battle as weak Chinese data reflect lockdown hitApril retail sales plunged 11.1% on the year, almost twice the drop forecast, while industrial output dropped 2.9% I am super excited right now, I can now pay my bills and take good care of my family.. Thank you for bringing happiness to my home with just $5000 i got $50,000 in 7days Williamchurch07
Source: BDliveSA - 🏆 12. / 63 Read more »