Morning Bid: Lots of China news, little clarity
By Kevin Buckland A look at the day ahead in European and global markets from Kevin Buckland China is very much the center of attention today, following a barrage of…
Economy
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China kicks off $112 billion funding schemes to support stock market
BEIJING/SHANGHAI (Reuters) – China’s central bank kicked off two funding schemes on Friday that will initially pump 800 billion yuan ($112.38 billion) into the stock market through newly-created monetary policy…
China approves BNP Paribas, Prudential insurance ventures
HONG KONG (Reuters) -China has approved separate insurance units to be set up by BNP Paribas (OTC:BNPQY) and Prudential Financial (NYSE:PRU), a regulator said on Friday, as it looks to…
China cenbank chief flags more interest rate cuts
(Corrects to say 7-day repo rate has already been cut by 20 bps, MLF rate already cut by 30 bps) BEIJING (Reuters) -China’s central bank governor said on Friday the…
China’s Q3 GDP grows 4.6% y/y, slightly above estimate
(Reuters) -China’s economy grew at the slowest pace since early 2023 in the third quarter, and though consumption and industrial output figures for last month beat forecasts a tumbling property…
Tokyo inflation likely to miss BOJ target for first time in five months: Reuters poll
By Kantaro Komiya TOKYO (Reuters) – Consumer inflation in Tokyo for October likely undershot the central bank’s price target for the first time in five months, a Reuters poll showed…
China’s new home prices fall at the fastest pace since 2015
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s new home prices fell at the fastest pace since May 2015 in September, official data showed on Friday, despite increased efforts…
China urges swift implementation of expansive financial policies
BEIJING/SHANGHAI (Reuters) -China’s central bank and financial regulators have held meetings with key financial institutions, urging them to swiftly implement expansive policies to support the economy and the capital markets.…
China September industrial output rises 5.4%, beating expectations
BEIJING (Reuters) – China’s industrial output in September grew 5.4% from a year earlier, up from a 4.5% pace in August, providing some encouragement to policymakers as they step up…
Japan top FX diplomat says recent yen moves “one-sided” in fresh warning
By Makiko Yamazaki TOKYO (Reuters) – Japan’s top currency diplomat, Atsushi Mimura, said on Friday that recent currency moves are “somewhat one-sided and rapid,” in a fresh warning against speculative…