PBOC stimulus sends China equities soaring
The PBOC’s rate cuts come into effect with trillions of yuan worth of further stimulus measures potentially due next week. Beijing’s stimulus blitz causes Chinese equities to soar with markets on trac...
27 Sep 202425min
Micron Q1 revenue forecasts top estimates
Micron shares are up after the memory chip maker smashes Q1 revenue forecasts. Its bumper outlook pushes tech stocks up in Asia, helping along a regional rebound. Spanish lender BBVA’s head says Europ...
26 Sep 202427min
Commerzbank names new CEO
Commerzbank promotes CFO Bettina Orlopp to CEO as the German lender faces takeover advances by Italy’s Unicredit. Chinese equities see an extended rally following the PBOC’s decision to slash the medi...
25 Sep 202426min
PBOC unleashes wave of stimulus measures
Asian equities hit a two-and-a-half-year high following stimulus measures from Beijing. The PBOC cuts the seven-day reverse repo and the RRR in a bid to shore of up the country’s floundering property ...
24 Sep 202427min
PBOC cuts short-term repo rate
China surprises by slashing its key short-term repo rate and announcing a rare economic press conference which triggers speculation of further stimulus measures from Beijing. In France a new governmen...
23 Sep 202428min
Wall St tech stocks soar following Fed rate cut
Wall Street notches its best day in six weeks with tech stocks leading the way as the markets celebrate this week’s 50bps Fed rate cut. In China the PBOC bucks expectations of a further rate cut and t...
20 Sep 202429min
Fed delivers milestone 50bps rate cut
The Federal Reserve announces its eagerly awaited first rate cut of 50 basis points since the outset of the Covid pandemic with policy makers predicting one further cut this year. The market reaction ...
19 Sep 202424min
Robust U.S. retail data boosts S&P 500 to new high
In anticipation of the Fed’s milestone meeting, the S&P 500 hits a new record with retail data indicating the U.S. consumer and economy are more resilient than expected. DoubleLine Capital chief Jeffr...
18 Sep 202427min
