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China's Third Plenum May Hold Less Weight This Year
China's Third Plenum, a traditionally significant policy-making event, to be held next week may not matter much this time, Maybank analysts say. With China facing an increasingly competitive,
Asia Markets Mostly Advance, Japan's Nikkei Crosses 42,000 Mark, Eyes on US CPI Report
China's Weak Inflation Signals Rate-Cut Window Open
China's weak inflation data backs the case for rate cuts, DBS economist Samuel Tse says in a note. The June print was weaker than expected, with consumer inflation decelerating on year despite a low
US stocks hit a new high, with Nvidia up 2.3% leading the technology stocks, Apple reaching a seven-day high, Tesla stalled, and Baidu ADR continued to rise by nearly 6.2%.
The S&P and Nasdaq rose for seven consecutive days, while the Dow fell several times in a short period of time; Nvidia rose nearly 2.3%, leading the seven big tech sisters, and Apple hit a new high for seven consecutive days, ranking first in market cap; Tesla stopped its ten-day rise after a car caught fire; Baidu ADR rose nearly 6.2% at one point, continuing its over 8% rise from the previous day. It is said that Baidu's subsidiary, Luobu Kuai Pao, is expected to achieve profitability in 2025.
China Inflation Strengthens Case for Policy Easing
China's softer-than-expected June inflation continues to bolster the case for monetary easing in China, ING economist Lynn Song says. Subdued inflation combined with weak credit data offer a
Temasek Expects Global Economy to Be Robust; Geopolitical Concerns May Weigh
By P.R. Venkat and Rthvika Suvarna Singapore's Temasek Holdings expects a more resilient global economy but warned of risks from geopolitical tensions, particularly between the U.S. and China, and con