Investors hold thumbs steps to unwind pandemic restrictions would eventually brighten the outlook for global growth and commodity demand
The trading gallery of the RHB Investment Bank Bhd. headquarters in Kuala Lumpur, Malaysia on November 21 2022. Picture: Samsul Said/Bloomberg
More Chinese cities announced an easing of coronavirus curbs on Sunday as Beijing tries to make its zero-Covid-19 policy less onerous after recent unprecedented protests against restrictions.
Indeed, 10-year note yields have fallen 74 basis points since early November, effectively undoing much of the tightening of the Fed's last outsize increase in cash rates.Markets are wagering Fed rates will top out at 5% and the European Central Bank around 2.5%. The Fed meets on December 14 and the ECB the day after. Speaking on Sunday, French central bank chief Francois Villeroy de Galhau said he favoured a hike of half a point next week.
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.
Business Maverick: Asian equities, commodities rise on China outlook: markets wrapAsian equities and commodities rose as traders bet on further reopening of the Chinese economy from Covid restrictions. Currencies of materials and energy exporters climbed.
Read more »
Disgruntled investors in Arnot OpCo coal mine take fight with Salungano to arbitrationArnot InvestCo argues that the JSE-listed miner breached their agreement when it failed to provide funding
Read more »
MONEY CLINIC | I want to invest but am fearful of losing money. How can I overcome this? | BusinessSo you are looking to invest your hard-earned money. It may be scary in the current economic environment, with whispers of a global recession and the uncertainty around interest rate hikes. | News24_Business
Read more »
JSE faces green screens and a surging TencentInvestors in Asia are upbeat about the easing of Covid-19 restrictions in mainland China, with the reopening of the economy expected to boost the global economy
Read more »
Beijing, Shenzhen loosen more Covid-19 curbs as China fine-tunes policyBeijing residents on Saturday cheered the removal of Covid-19 testing booths while Shenzhen said it would no longer require commuters to present test results to travel, as an easing of China's virus curbs gathered pace.
Read more »