All articles tagged with #fiscal spending
Chinese stocks in Hong Kong saw a late surge as top leaders pledged to ease monetary policy and increase fiscal spending, leading the Hang Seng China Enterprises Index to rise by 3.1%. The yield on 10-year government bonds hit a record low, and the offshore yuan strengthened slightly against the dollar.
The U.S. economy's resilience has been attributed to fiscal spending and immigration, with analysts suggesting that immigration has helped offset the aging of the U.S. workforce and contributed to solid economic growth and tame inflation. However, discrepancies in population estimates and potential changes in U.S. government policy regarding the border could impact market expectations. The S&P 500 index's potential breach of the 5,000 mark is a key focus, while jobless claims fell and several companies released earnings reports. Additionally, low correlation between S&P 500 companies indicates a market of stocks, potentially leading to sustained volatility.