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Global Stock Market

China’s Manufacturing Sector Maintains Growth, Caixin PMI at 50.8 in January

Data released by S&P Global on Thursday revealed that the Caixin Purchasing Managers’ Index (PMI) for China’s manufacturing sector aligned with market expectations, standing at approximately 50.8 points in January. This reading, consistent with forecasts, indicated sustained growth, maintaining a trend outside the contraction zone for three consecutive months – …

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China’s Manufacturing Contracts for Fourth Consecutive Month, Signaling Economic Challenges in 2024

China’s manufacturing sector has experienced its fourth consecutive month of contraction in January, according to an official survey released on Wednesday. The data suggests ongoing challenges for the large sector and the broader economy in regaining momentum at the outset of 2024. The official purchasing managers’ index (PMI) for the …

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No policy change expected as FOMC goes on with soft landing plan

Since the Fed is projected to maintain interest rates in the range of 5.25%–5.50% for the fourth consecutive meeting, no policy changes are anticipated. The news conference by Chair Jerome Powell will be crucial. Investor attention will be focused on any possible rebuttal to market conjecture about rate reductions. Financial …

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Goldman: Strong US economic prospects could shield equities from surging yields

US stocks are surviving an increase in Treasury yields because of the positive economic outlook, but Goldman Sachs strategists warned that this might change if factors like tighter monetary policy push yields higher or if they climb too quickly.In their most recent weekly kickstart note, Goldman equity strategists lead by …

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