All articles tagged with #china gdp
Asian markets rose despite weak Chinese GDP data, with China’s economy growing 4.8% in Q3 and unchanged lending rates, while Japan and South Korea hit record highs amid political developments and US markets also gained.
China's Q3 GDP growth is expected to slow to 4.8%, the lowest in a year, due to a property market downturn and trade tensions, prompting discussions of potential stimulus measures amid signs of economic deceleration and ongoing structural reforms.
The article discusses upcoming economic data releases from the US, UK, and China, highlighting delays and expectations for inflation and growth figures, and their potential impact on monetary policy and market outlooks.
China's economy grew by 5.2% in Q2, driven by exports outside the US and government stimulus, but faces risks from global trade tensions, sluggish domestic demand, and deflationary pressures, with analysts predicting a slowdown below 4.5% in the latter half of the year.
China's Q2 GDP grew 5.2%, slightly above forecasts, showing resilience amid US tariff risks, but underlying weaknesses and slowing exports suggest the need for more stimulus as analysts warn of a potential slowdown in the second half of the year.
China's economy grew by 5.2% in Q2, slightly above expectations, supported by stimulus measures and resilient exports, but faces ongoing challenges from trade tensions and structural fragility, prompting calls for further fiscal stimulus and reforms.
Asian stocks dipped on Monday due to weak GDP growth in China and political uncertainty in the U.S. following an assassination attempt on former President Donald Trump. Despite low trading volumes due to a Japanese market holiday, losses were limited by positive cues from Wall Street. Chinese markets were flat, with Hong Kong's index down 1.1% amid disappointing economic data. Australia's ASX 200 outperformed, reaching record highs driven by gains in banks and mining stocks.
Asian markets are expected to continue facing challenges due to China's weak economic data and the surge in global bond yields. China's nominal GDP growth of 4.2% last year, the lowest since 1976, has contributed to the continued weakness in Chinese equities and property markets. Additionally, China's declining population poses a long-term headwind to potential growth. Global markets are also on the defensive as bond yields rise and rate cut expectations diminish, leading to the worst start for emerging market stocks since 2016 and widening performance gaps between emerging Asia and the rest of the world. Key economic indicators from Japan, Australia, and China are expected to provide further direction to markets.
Stock futures fell in premarket trading, extending losses from the previous session, with Dow Jones, S&P 500, and Nasdaq-100 futures all slipping. Interactive Brokers' stock dropped after reporting lower-than-expected earnings. UK inflation rose to 4%, led by alcohol and tobacco prices. China's fourth-quarter GDP missed expectations, and Hong Kong shares tumbled over 2%, led by real estate stocks. Business sentiment at large Japanese companies dipped, and NYU's Damodaran believes the market is overvalued by 9% to 10%.
Most Asian stocks fell as Federal Reserve officials downplayed expectations for early interest rate cuts, while Chinese economic growth figures underwhelmed markets. Japanese shares traded positively, with local indexes briefly reaching new 34-year highs on hopes that monetary conditions in the country will remain ultra-loose. Chinese stocks slid as Q4 GDP missed expectations, dragging down Hong Kong’s index, while regional technology stocks were the worst performers for the day. The Nikkei rose on dovish Bank of Japan hopes, driven by expectations that the BOJ will maintain its ultra-dovish stance in the near-term.
Asia-Pacific markets fell as China's second-quarter GDP growth of 6.3% missed expectations. Hong Kong markets were closed due to Typhoon Talim, while Singapore's non-oil domestic exports contracted for the ninth consecutive month. UBS named a list of stocks expected to outperform the MSCI All Countries World Index, and the IMF noted that global headline inflation appears to have peaked. Investors anticipate upward market momentum in the week ahead as earnings season kicks off.
The stock market is expected to be more active on Tuesday after China's GDP report and more companies post earnings. Bank of America and Goldman Sachs reported better-than-expected quarterly results, while Morgan Stanley is set to report on Wednesday. China's economy grew at a 4.5% annual rate in Q1, beating estimates of 4%, and experts expect the growth to continue. Apple now offers a savings account with a 4.15% rate through Goldman Sachs, and House Speaker Kevin McCarthy proposed a vote on raising the debt limit for a year, but it isn't clear whether the idea has support within his own party.