PBOC Rolls Over Policy Loan With Growth, Currency on Mind
China’s central bank extended a key policy loan at the same borrowing cost, signaling an intention to aid a nascent economic recovery without adding pressure on the yuan.
China’s central bank extended a key policy loan at the same borrowing cost, signaling an intention to aid a nascent economic recovery without adding pressure on the yuan.
Stocks in Asia rose, following a big tech-led rally in US benchmarks, as investors look to key inflation data later Wednesday for clues on the Federal Reserve’s next steps.
Australian wage growth eased for the first time since the depths of the pandemic in the first three months of the year, in a positive result for the Reserve Bank which remains watchful of price pressures in the economy.
MicroStrategy Inc., a company best-known for accumulating a roughly $13 billion hoard of Bitcoin, will be included in a key global equity index following a rally in the firm’s shares that outpaced the digital asset.
Oil advanced after an industry report showed shrinking US stockpiles, and traders looked ahead to a report from the International Energy Agency that may shed light on market balances into the second half.
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