Surveys showing factory activity slowing sharply in July amid rising costs and extreme weather underline Beijing’s woes
A man stands in front of a screen displaying Nikkei share average and the world's stock indices outside a brokerage in Tokyo, Japan. Picture: REUTERS/ISSEI KATO
In contrast, Europe’s economic recovery outpaced all expectations last quarter, while US consumers spent with abandon in June as coronavirus restrictions eased, a trend likely to ensure a strong payrolls report at the end of the week. There was also the prospect of more fiscal stimulus ahead as US senators worked to finalise a sweeping $1-trillion infrastructure plan that could pass this week.
Japan’s Nikkei bounced back 1.6%, but that was from its lowest since January. Investors were anxiously watching Chinese blue chips which gained 0.9%, after shedding 5.5% last week. “Regulatory tightening in the world’s second-largest economy intended to reduce inequality and make housing and goods more affordable is deflationary, something that the many bond bears need to consider.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
COVID-19 | China, Australia ramp up curbs as Delta variant spreadsChina and Australia ramped up COVID-19 curbs as Delta variant cases surged.
Read more »
What you said: You should be allowed to access a portion of your pension to help pay off debtsReaders have weighed in on government's proposal to allow pension fund members to access a portion of their savings to help them keep their heads above water amid the Covid-19 pandemic.
Read more »
Business education needs to ignite entrepreneurship for poverty reductionGlobally the perennial battle to alleviate poverty is an enduring one and in this respect South Africa is no exception, says the writer.
Read more »
‘No doubt’ Jon Qwelane column amounted to hate speech: ConCourtThe highest court on Friday declared Qwelane's 2008 column amounted to hate speech after a 13-year legal battle started in the Equality Court by the SAHRC.
Read more »
Nampak shares surge 13% as it reports bounceback from Covid-19The packaging group says it had a strong third quarter after the pandemic tore into profits in 2020
Read more »
'Dizzy' Hamilton may be suffering from long-COVIDLewis Hamilton, who battled from the back of the field to take third place in an intense and exhausting Hungarian Grand Prix on Sunday
Read more »