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Top related persons:
Goldman Sachs - 2 Maggie Wei - 1 it's - 1 50bp - 1 Jian Chang - 1 Hui Shan - 1 Asia Vishnu Varathan - 1
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SHANGHAI CHINA Shanghai China People's Bank of China China's Asia
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Lujiazui Financial - 2 5th China - 2 Visual China - 2 Getty - 2 People's Bank of - 1 U.S - 1 Citi - 1 Barclays - 1

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3 mentions found


☆ Chinese investors are not expecting much stimulus as growth stalls, Goldman Sachs says
  + stars: | 2023-07-06 | by ( Jihye Lee | ) www.cnbc.com   time to read: +3 min
Goldman Sachs' said its clients in mainland China have "low expectations" for further stimulus measures to prop up the economy, the firm's economists wrote in a Wednesday note. "Local clients held low expectations for policy easing and structural reforms this year," Goldman's economists led by Maggie Wei wrote in the note. This comes after the People's Bank of China lowered policy rates last month, which included the medium-term lending facility (MLF) rate and loan prime rates (LPR). "Local clients did not expect major policy easing measures or structural reform measures to be rolled out in the July Politburo meeting," the economists added. Goldman's note added that while its local clients carry a "seemingly less pessimistic view" on China's near-term growth, they remain cautious about a longer-term trajectory for the economy.
Persons: Goldman Sachs, Maggie Wei, it's Organizations: Lujiazui Financial, 5th China, Visual China, Getty, People's Bank of, U.S Locations: SHANGHAI, CHINA, Shanghai, China, People's Bank of China, China's
☆ China opens a new era of 'proactive easing' as the economic recovery turns sour
  + stars: | 2023-06-14 | by ( Jihye Lee | ) www.cnbc.com   time to read: +3 min
SHANGHAI, CHINA - NOVEMBER 04, 2022: Buildings at Lujiazui Financial District are illuminated to celebrate the opening ceremony of the 5th China International Import Expo (CIIE) on November 4, 2022 in Shanghai, China. Vcg | Visual China Group | Getty ImagesStock Chart Icon Stock chart iconPointing to soft economic figures from China, including credit data, Citi economists said "stimulus seems to be underway with the weak readings." Barclays economists, writing in a Tuesday note titled "Entering a rate cut cycle," predict China will deliver a cut for every quarter until early 2024. China's central bank controls the benchmark one-year lending and deposit rates, which affect the borrowing costs for banks, businesses and individuals across the country. Mizuho Bank's Head of Economics and Strategy for Asia Vishnu Varathan argued that the latest actions from China's central bank "does not cut it."
Persons: 50bp, Jian Chang, Goldman Sachs, Hui Shan, Asia Vishnu Varathan Organizations: Lujiazui Financial, 5th China, Visual China, Getty, Citi, Barclays, Bank's, Economics Locations: SHANGHAI, CHINA, Shanghai, China, Asia
☆ Stocks making the biggest moves midday: Disney, Tesla, Mesa Air and more
  + stars: | 2022-12-19 | by ( Michelle Fox | ) www.cnbc.com   time to read: +4 min
Check out the companies making the biggest moves midday Monday:Disney — Disney fell 3.6% after its film, "Avatar: The Way of the Water" fell short of box office expectations. The highly-anticipated movie brought in $134 million, less than the $175 million expected by analysts and under the $135 million to $150 million range Disney had forecast. Casino operators — Wynn Resorts fell 4.2%, while MGM Resorts lost 2.9% and Las Vegas Sands dropped 1.6%. Mesa Air Group — Shares of the airliner jumped 5% after Mesa Air announced it is finalizing a deal to run regional flights for United Airlines, while ending its partnership with American Airlines. Warner Music Group — Shares gained 2.5% following an upgrade to overweight from Atlantic Equities.
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