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Gold falls for 2nd week as US yields rebound. Where’s it headed next?Gold may have benefited from inflation and geopolitical concerns in the last two days of the week. However, gold is a poor inflation hedge,...
European shares rebound as China rate move helps sentimentThe MSCI world equity index, which tracks shares in 50 countries, rose 0.5% but for the week was still shedding 1% and on track for its sev...
China cuts key mortgage reference rate as Covid bitesProlonged virus lockdowns have constricted supply chains, quelled demand and stalled manufacturing in the last major economy welded to a 'z...
China's GDP growth seen recovering to 8.4% in 2021, slowing to 5.5% in 2022The economy has been recovering steadily from a steep 6.8% slump in the first quarter, when an outbreak of COVID-19 in the central city of ...