Chinese stocks wobble as Xi consolidates power

at last week’s National People’s Conference, securing a third straight term as ruler of the CCP. President Xi is likely to stick to his zero-COVID-19 policy that is damaging growth, analysts say.China’s National Bureau of Statistics reported delayed economic data on Monday showing that GDP grew 3.9 per cent between July and September this year, slightly higher than analyst expectations, but still below the government’s target annual goal of “around 5.5 per cent”.

“We’re focused on those longer-term thematics as opposed to the good old days when we could just buy almost anything and do well.” “However, it is also clearly intended to centralise control, which is ultimately not a positive development for private shareholders.

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Regal hedge fund manager says resources stocks are still cheapRegal’s hedge fund focused on the resources space has thumped the market and its top stock picker, Tim Elliott, says resources stocks are still cheap.
مصدر: FinancialReview - 🏆 2. / 90 اقرأ أكثر »

‘Best weekly performance’ for US stocks seen since JuneCommSec’s Tom Piotrowski says last week was the “best weekly performance” for US stocks since June. “So, suggestions that perhaps the US Fed is mindful of overegging the omelette when it comes to rate hikes in the near term,” he told Sky News Australia. “That was a conversation in the US press - that was enough to consolidate US stocks and have them move forward to that extent.” Presented by CommSec. oh it's all coming down. keep telling yourselves it isn't
مصدر: SkyNewsAust - 🏆 7. / 78 اقرأ أكثر »