US Consumer Sentiment Unexpectedly Falls on High Cost of Living

Oct 11, 2024 | Markets

University of Michigan sentiment index at 68.9 after 70.1 Short-term inflation views rose to 2.9% in early October US consumer sentiment unexpectedly fell for the first time in three months as lingering frustration with a high cost of living offset more sanguine views...

Chinese Stocks Cap Worst Week Since July Before MOF Briefing

Oct 11, 2024 | Markets

China will deploy up to 2 trillion yuan fresh stimulus: survey Market expectation on stimulus ‘has run high’: William Blair Chinese stocks fell as investors were seen reducing risk before the Ministry of Finance holds a policy briefing on Saturday, where it may add...

VW, Porsche China Sales Slide as Market Turns to Local EVs

Oct 11, 2024 | Markets

Porsche’s China deliveries fell to decade low in third quarter BMW, Mercedes also reported steep quarterly declines in China Volkswagen AG’s China sales slid 15% in the third quarter as Germany’s biggest carmaker continued to lose ground in key markets in the shift to...

The Great Divide Over China Investing Deepens Post Stimulus

Oct 11, 2024 | Markets

Long-term investors and foreign companies wary about piling in Weak economy, geopolitical tensions, US election raise risks Beijing’s pivot toward economic stimulus has sparked fevered stock buying from hedge funds and individual investors. But big asset allocators...