News Formal

Alibaba, More China Stocks Jump Amid New Stimulus Hopes. Is This Time Different?

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

China is considering raising its 2023 budget deficit for spending on infrastructure as part of new stimulus, according to a Bloomberg report.

Alibaba and other Chinese names outperformed on Tuesday after a report of stimulus plans in the world’s second-largest economy—a trend that should be familiar for investors who have seen stocks whipsaw for months on whispers of government plans to boost the economy.

Improving the mood for Chinese stocks was a report from Bloomberg, citing unidentified sources, that China is considering raising its 2023 budget deficit well above a 3% cap set earlier this year for spending on infrastructure. “Investors welcome…new stimulus plans by China,” said Tom Essaye, the founder of Sevens Report Research. “The news is alleviating some lingering concerns about the health of the world’s second largest economy.”

Stimulus measures announced so far have largely fallen flat for investors, though that hasn’t stopped short-term swings in stock prices. Is this time different?

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 3. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Japan and South Korea defense stocks jump after Hamas attack, aviation stocks slideJapan and South Korea returned to trade today after a public holiday on Monday.
Bron: CNBC - 🏆 12. / 72 Lees verder »

China belt and road stocks fall on Mideast warChina belt and road stocks fall on Mideast war
Bron: Investingcom - 🏆 450. / 53 Lees verder »

Stocks to bet on China’s economic future after the real estate pain endsBernstein and others make the argument that China isn't headed for Japan's 'lost decades.' The country may just be in a period of transition.
Bron: CNBC - 🏆 12. / 72 Lees verder »

U.S. stocks slip, oil surges on Middle East violenceU.S. stocks slip, oil surges on Middle East violence
Bron: Investingcom - 🏆 450. / 53 Lees verder »

JPMorgan Chase, Pepsi, Delta, and More Stocks to Watch This WeekThe week brings earnings reports from big banks, as well as from UnitedHealth, Delta, Domino's, and more. Economic releases include the Fed minutes, the...
Bron: MarketWatch - 🏆 3. / 97 Lees verder »