China’s economy grew 4.5{b56f7a0c6479bc075d08fb7619591a4c4023144d1b4aceb7f3fe2776303deb2f} in the first quarter of 2023, beating expectations. Steven Han | Moment | Getty Images Analysts at JPMorgan and Citi raised their full-year forecasts for China’s economy after it delivered an impressive first-quarter gross domestic product growth of 4.5{b56f7a0c6479bc075d08fb7619591a4c4023144d1b4aceb7f3fe2776303deb2f} on Tuesday. JPMorgan raised its 2023 growth […]
forecasts
The good news on inflation continues, with producer prices falling 0.5{b56f7a0c6479bc075d08fb7619591a4c4023144d1b4aceb7f3fe2776303deb2f} in March, the Bureau of Labor Statistics reported on Thursday. The number was considerably better than the flat reading expected, while the annual rate fell to 2.7{b56f7a0c6479bc075d08fb7619591a4c4023144d1b4aceb7f3fe2776303deb2f} from the revised 4.9{b56f7a0c6479bc075d08fb7619591a4c4023144d1b4aceb7f3fe2776303deb2f} of a month earlier. Economists had predicted a […]
This post was originally published on TKer.co Stocks inched lower, with the S&P 500 declining 0.3{b56f7a0c6479bc075d08fb7619591a4c4023144d1b4aceb7f3fe2776303deb2f} last week. The index is now up 6.2{b56f7a0c6479bc075d08fb7619591a4c4023144d1b4aceb7f3fe2776303deb2f} year to date, up 14{b56f7a0c6479bc075d08fb7619591a4c4023144d1b4aceb7f3fe2776303deb2f} from its October 12 closing low of 3,577.03, and down 15{b56f7a0c6479bc075d08fb7619591a4c4023144d1b4aceb7f3fe2776303deb2f} from its January 3, 2022 closing high of 4,796.56. “The […]