China is scheduled to release March monetary data from 10-15 April. China's credit growth has slowed as banks remain cautious about lending given their concerns regarding rising NPLs and as credit demand from corporates …
China is scheduled to release March monetary data from 10-15 April. China's credit growth has slowed as banks remain cautious about lending given their concerns regarding rising NPLs and as credit demand from corporates remains weak owing to high real interest rates.
This was probably the case in March as well, with banks facing increased liquidity pressure and incurring high funding costs as more deposits moved to the equity market.
Standard Chartered expects monthly new loans in the local currency to have fallen to CNY 800bn (weaker than in the same month in previous years) from CNY 1.02tn in February. Expects M2 growth to have slowed to 12% y/y from 12.5% in February on fewer new loans and continued policy intervention.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
