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China expects slower growth

China lowered their expected economic growth from 6%-6,5% to 6% in 2020. Chinese leaders are trying to support growth to limit job losses that could affect social stability but are facing pressure to tackle debt risks caused by pump-priming policies. The government aims to boost infrastructure investment by allowing local governments to issue more special... China expects slower growth
China lowered their expected economic growth from 6%-6,5% to 6% in 2020. Chinese leaders are trying to support growth to limit job losses that could affect social stability but are facing pressure to tackle debt risks caused by pump-priming policies. The government aims to boost infrastructure investment by allowing local governments to issue more special bonds next year, but there is less room for tax cuts. Beijing has unveiled a raft of pro-growth measures this year, cutting taxes and fees and letting localities issue 2.15 trillion yuan in special bonds, alongside cuts in reserve requirements and lending rates to boost credit.

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Weekly review: Gold, USD, EURUSD and Dow Jones

Weekly review: Gold, USD, EURUSD and Dow Jones

Global stock markets have ended another brutal week as the banking crisis stoked fears of broader weakness in the global economy. Attention this week will be on planned central banks meetings. Major central banks, such as the US Federal Reserve, Bank of England and Swiss National Bank, are to hold monetary policy meetings this week.

HSBC acquires collapsed SVB’s UK wing

HSBC acquires collapsed SVB’s UK wing

The collapse of the "Silicon Valley Bank" led to widespread panic in the global markets. The bank also financed many firms in the UK, to protect these companies UK Banking giant HSBC has acquired the British arm of SVB with the support of the Bank of England.

Weekly review: Gold, USD, EURUSD and Dow Jones

Weekly review: Gold, USD, EURUSD and Dow Jones

Global stocks markets ended on a strong bearish note on Friday after financial regulators shut down one of the leading lenders in the United States, the Silicon Valley Bank (SVB). This week all eyes will be on the US inflation data, which could reinforce expectations of a bigger rate hike later this month.