Economic News Category

China’s Wealth Fund Purchases ETF Shares Amid Market Uptick China’s sovereign wealth fund, Central Huijin Investment Ltd., part of the $1.4 trillion China Investment Corp., broadened its market interventions by purchasing exchange-traded funds (ETFs) on Monday. This move extends beyond its recent bank shares acquisitions, signaling heightened efforts to stimulate the faltering stock market.  While

The USD Index Stays Steady Near 106.00s, Anticipates Fedspeak The USD Index (DXY), a significant benchmark that measures the US dollar’s performance against a collection of its major global counterparts, showed a slight inclination towards the 106.30 mark as trading closed on Friday. This movement is especially noteworthy as it gives investors insights into the

Australian and New Zealand Dollars Impacted by Global Risks and Mixed Employment Data The Australian and New Zealand currencies felt the pressure of global risk aversions due to escalating tensions in the Middle East. Concurrently, ambiguous local employment figures failed to provide the anticipated support.  In the bond market, Australian 10-year yields reached a record

China’s Economy Surpasses Forecasts with 4.9% Growth in Q3, Yet Faces Slowdown Challenges In the midst of shifting global demand and a worsening property sector crisis, China’s economy experienced a slowdown during the summer months, as disclosed by the government on Wednesday. Even though the slowdown was evident, the world’s second-largest economy still managed to

Australian Dollar Holds Steady After RBA Minutes Release The Australian Dollar (AUD) continued its upward trajectory against the US Dollar on Tuesday, marking the second consecutive day of gains. This buoyancy in the currency was primarily fueled by the release of the Reserve Bank of Australia (RBA) minutes for the October 2023 meeting, which revealed