Asian stocks steady after China GDP beat; bond yields sag
By Kevin Buckland TOKYO (Reuters) -Asian stocks edged up on Friday, drawing support from unexpectedly strong growth in China's economy at the end of last year, although gains were limited by caution ahead of Donald Trump's inauguration as U.
China is back to hoarding gold ahead of an uncertain time for its economy in Trump's second term
Goldman Sachs predicts gold could reach $3,000 per ounce by the second quarter of 2026 amid strong central bank demand.
Global shares jump on easing yields, China growth
Global equities rose on Friday, adding to weekly gains, as declining bond yields, stronger than expected Chinese growth figures and upbeat earnings supported riskier assets.
China Faces Harsh Dilemma as Yuan Comes Under Pressure
The economy suggests a weaker yuan. But the prospect of capital flight makes Beijing wary of allowing any sudden depreciation.
Transcript: China’s central bank overhaul
Justin Trudeau is resigning as Canada’s prime minister. And the outlook for Germany’s solar panel industry is a bit cloudy. Plus, China’s central bank is planning a policy overhaul. I’m Kasia Broussalian, and here’s the news you need to start your day. Canadian Prime Minister Justin Trudeau announced that he is stepping down.
Stock market today: Asian shares slip as China says economy hit 5% growth target in ’24
Shares are mostly lower in Asia after China reported that its economy grew at a 5% annual pace last year, hitting the government's target but slowing from the year before.
Trump treasury pick Scott Bessent calls for stronger Russia sanctions, Fed independence at confirmation panel
Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the IRS.
China’s inflation weakens near zero even after stimulus efforts
Factory deflation extended into a 27th month, though the producer price index recorded a slower drop of 2.3% compared to November.
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Why Trump’s plan to escalate tariffs has so many haters
DONALD Trump is promising to put import taxes back at the center of US economic policy during his second term as US president. Read more at The Business Times.
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Australian Dollar Tumbles to Five-Year Low Amid Global and Domestic Challenges
The Australian dollar (AUD) has reached its lowest level against the US dollar (USD) in five years, trading at just $0.615. This sharp decline reflects a complex interplay of global and domestic economic factors,
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Here’s a First Step Toward President Trump’s Golden Age for America
Could a 50-year bond, redeemable in gold on America’s 300th Birthday, point the way out of the era of fiat money?
Trump’s tariff plans could be harming his ‘animal spirit’ investors
The big unknown is how far Trump is prepared to go to win a trade war before it winds up crushing animal spirits.