(Bloomberg) — As traders turn their attention toward Friday’s crucial US jobs data, global equities are scaling record highs. Most Read from Bloomberg In Japan, the Topix index briefly touched another record early Friday, having surpassed the previous high set in 1989 in Thursday’s session. Korean stocks jumped after Samsung earnings beat estimates. UK equity-index […]
SHANGHAI/SINGAPORE (Reuters) -China left benchmark lending rates unchanged at a monthly fixing on Thursday, in line with market expectations. WHY IT’S IMPORTANT The steady monthly LPR fixings underscore that Beijing’s monetary easing efforts continued to be limited by narrowing interest rate margins and a weakening currency, despite a flurry of recent data showing more support […]
(Bloomberg) — China’s central bank purchased gold for its reserves for a 17th straight month in March, extending a long buying spree that has helped the precious metal’s surge to a record. Most Read from Bloomberg Bullion held by the People’s Bank of China rose to 72.74 million fine troy ounces last month, according to […]
(Bloomberg) — China refrained from cutting a key policy interest rate as its central bank sought to shield the yuan from volatility, underscoring the challenges policymakers face as they try to manage economic risks and pressures from deflation. Most Read from Bloomberg The People’s Bank of China held the interest rate on its one-year policy […]