L’Oréal Sales Growth Sluggish as China Weakness Persists

Jul 31, 2024 | Markets

North Asia region, which includes China, falls by 2.4% Dermatological, consumer units fall short of estimates L’Oréal SA reported sluggish sales growth in the second quarter as the world’s biggest maker of beauty products suffered from weakness in China. Sales rose...

China Regional Banks Exposed to Bond Reversal as PBOC Sales Loom

Jul 30, 2024 | Markets

Banks have been buying bonds amid rally, raising PBOC concerns Central bank is poised to sell bonds to limit risk to lenders China’s regional lenders are facing growing risks in the nation’s $4.3 trillion sovereign debt market after an unprecedented bond rally this...

China Factory Activity Shrinks for Third Month in Hit to Growth

Jul 30, 2024 | Markets

Domestic demand is still sluggish and recovery remains uneven July data adds to evidence of weak growth in China: economists China’s factory activity contracted for a third straight month in July, leaving the economy on a weak trajectory that’s frustrating Beijing’s...

Oil Dips to Nearly Two-Month Low Amid Shaky Demand, OPEC Watch

Jul 30, 2024 | Markets

Citigroup reduces forecast for China’s economic growth Technicals suggest the latest lurch lower has been too quick Oil retreated to the lowest in almost two months as the outlook for demand in China remained gloomy while traders looked ahead to key data points. West...