A 6 week closing high today boosted by upbeat data pointing to resilience in the worlds 2nd largest economy now this is washington and beijing agreed to suspend a new round of tariffs this weekend signaling a thaw in relations experts however caution that an interim phase one trade deal is not going to end the trade dispute but its a step in the right direction. Is chinas economy finally moving along again Industrial Production rose last month by 6. 2 percent over a year ago. Normally thats nothing to get excited about but given the economys recent weak performance it was something for beijing to celebrate as proof that its not suffering from its trade war with the us. You know the chinese economy remains stable and shows progress. When you didnt deliver streets that even in a complex and difficult International Environment chinas economy still a strong potential and plenty of room for action. Markets in shanghai reacted positively to the news closing a half a percent higher at their h
I am guy johnson. I am francine lacqua. We are getting breaking news. Every anglexploit of the ecb stress test. Ceo, thepeak to a greek bank was one of the 25 most stressed banks on the ecb list. We will put everything in and he joinsa ceo us for the entire second hour of the pulse. The numbers worse than expected. Median 103. He full better to speak to dan han werner sinn. Number and that is slightly than what the market was expecting. A quick look of how the euro is trading this morning. Sometimes it is header to travel than arrive. The euro is higher. Beginning tos are roll over a little bit right now. Maybe not going to hit for the duration that we had hoped for on the upside. Lets stay germany. Talking about the numbers. Well have those. Out to frankfurt where hans nichols has the latest. Flunked, my5 banks maybe slightly too strong, the stress tests. 25 billion euros, the key thing here is that most of that is already being done. Yeah, theyve loved and they had nine months to imp
ECB to Begin Cuts But Path Beyond Gets Murkier bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
THE European Central Bank (ECB) is poised to start lowering interest rates from record highs, confident that inflation is sufficiently contained to ease the burden on the economy.
(Bloomberg) The European Central Bank is poised to start lowering interest rates from record highs, confident that inflation is sufficiently contained to ease the burden on the economy.Most Read from BloombergBillionaire-Friendly Modi Humbled by Indians Who Make $4 a DayA Struggling Business Park Deals a Blow to Singapore's Regional Hub AmbitionsNvidia Tops $3 Trillion in Market Value, Leapfrogging AppleS&P 500 Hits 25th Record This Year as Tech Soars: Markets WrapBlackRock, Citadel Back Texa