Beijing regulators are working to give U.S. authorities complete access to audits of Chinese companies listed publicly in New York, Bloomberg reported Friday.
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U.S.-listed Chinese stocks audit dispute: China regulator tells auditors to consider preparing for inspections
China has sent another signal of progress toward resolving an audit dispute that’s threatened U.S.-listed Chinese companies with delisting.
Stocks making the biggest moves premarket: GameStop, Apple, BlackBerry and more
These are the stocks posting the largest moves before the bell.
Citi raises its forecast for China’s GDP growth, bringing it closer to the official target
China’s economy faces so much new pressure from Covid that Beijing may increase stimulus — boosting overall growth, Citi said Thursday.
ForexLive European FX news wrap: Another record consumer inflation reading in Europe
Headlines:The bond selloff is starting to gather pace againEurozone March preliminary CPI +7.5% vs +6.6% y/y expectedUK March final manufacturing PMI 55.2 vs 55.5 prelimEurozone March final manufacturing PMI 56.5 vs 57.0 prelimSwitzerland March CPI +2.4% vs +2.4% y/y expectedMarkets:AUD leads, JPY l
Dollar keeps more mixed in European morning trade
With the bond selloff resuming, USD/JPY is tracking higher although it is off its earlier high of 122.75 to 122.30-40 levels currently. The pair stays underpinned as month-end and quarter-end trading is also out of the way now, allowing traders to focus a little bit more with less uncertainty.
The d
The d
Equities in a better mood so far on the session
The DAX is up 0.5%, CAC 40 up 0.6%, while Spanish stocks are leading the way with the IBEX up 1.0%.The high Eurozone inflation figures earlier aren’t doing much harm to equities, after having dropped a little towards the end of March. Elsewhere, US futures are also seeing a slight rebound with S&P 5
Eurozone March preliminary CPI +7.5% vs +6.6% y/y expected
Prior +5.9% Core CPI +3.0% vs +3.1% y/y expected Prior +2.7% Euro area inflation hits another record high, with a big surge in March as energy prices are the main culprit. That said, the details also show that inflation in food prices, services and durable goods all also above the
The Business Cycle
An economy
undergoes periods of expansions followed by periods of contractions. These ups
and downs in economic growth are natural as the economy is basically a
reflection of human behaviour. The business cycle is divided into four phases:
expansion, peak, recession,
undergoes periods of expansions followed by periods of contractions. These ups
and downs in economic growth are natural as the economy is basically a
reflection of human behaviour. The business cycle is divided into four phases:
expansion, peak, recession,