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.
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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...
Source: MarketWatch - 🏆 3. / 97 Read more »
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.
Source: CNBC - 🏆 12. / 72 Read more »
Goldman says these stocks have the most upside, even as markets become choppyGoldman Sachs says buy these stocks to ride out the market choppiness.
Source: CNBC - 🏆 12. / 72 Read more »
These 20 dividend stocks have been the best income growers in the S&P 500Rather than focusing on high current dividend yields, you might build an income stream for retirement by holding stocks over the long term as payouts increase.
Source: MarketWatch - 🏆 3. / 97 Read more »