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China Weighs $1.4 Trillion Fiscal Stimulus Package, Reuters Says
China is weighing approving over 10 trillion yuan ($1.4 trillion) in additional borrowing in the coming years to shore up the economy and address local governments’ debt risks, Reuters reported, citing unnamed sources. The fiscal stimulus may be approved at a meeting by China’s top legislative body to be held Nov. 4-8, according to the Tuesday report. The package includes 6 trillion yuan in debt to be raised over three years including 2024 to help local authorities resolve off-balance-sheet debt, as well as 4 trillion yuan worth of bonds to fund regional governments’ purchases of idle land and properties over ... (full story)
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From abs.gov.au|Oct 29, 2024|5 commentsKey statistics: • The Consumer Price Index (CPI) rose 0.2% this quarter. • Over the twelve months to the September 2024 quarter, the CPI rose 2.8%. • The most significant price ...
From abs.gov.au|Oct 29, 2024Key statistics: • The monthly CPI indicator rose 2.1% in the 12 months to September. • The most significant price rises at the Group level were Food and non-alcoholic beverages ...
From think.ing.com|Oct 29, 2024The US re-funding announcement should see a repeat play of the current quarter. No increase, but also no let up in the supply pressure. The US third quarter GDP number should also ...
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From zerohedge.com|Oct 29, 2024As the big day gets closer - and despite the catalyst-heavy week ahead - the so-called 'Trump Trade' continues to charge higher in stocks, crypto, bond yields, and gold... chart ...
From fxempire.com|Oct 29, 2024Enthusiasm for gold intensified on Tuesday as it broke out to a new record high. And it is on track to close strong, in the top third of the day’s price range. At the time of this ...
From news.metal.com|Oct 29, 2024LME copper opened at $9,622.5/mt overnight, initially reaching a high of $9,648/mt before declining throughout the session, hitting a low of $9,513/mt near the close, and finally ...
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- Posted: Oct 29, 2024 8:45pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,855
