Monthly Archives: April 2023
China’s economy grew at the fastest pace in Q1, reaching 4.5%
Written on April 24, 2023 at 8:55 am, by lishitong
The economic resilience of the world’s second-largest economy will be headwind for oil prices China’s Q1 GDP grew by 4.5%, exceeding expectations of a 4.0% expansion and marking the fastest pace of growth since Q1 2022. On a quarter-by-quarter basis, the GDP grew by 2.2% in Q1, compared to a revised 0.6% rise in theContinue Reading
Investors Brace for Uncertainty Ahead of Key Economic Data
Written on April 24, 2023 at 6:19 am, by lishitong
The U.S. is trading flat as the markets prepare for potential uncertainty ahead of GDP and inflation figures The King Dollar is trading flat as market participants prepare for potential uncertainties. The upcoming release of GDP figures, core PCE price index, and employment cost index are critical for global investors. Meanwhile, the Pound Sterling isContinue Reading
Gold Prices Surge as Recession Looms
Written on April 21, 2023 at 6:22 am, by lishitong
Dollar weakness has leant support to the precious metal, which has climbed back to the near-2000 mark U.S. equities took a hit as concerns over corporate earnings weighed heavily on investor sentiment, a sentiment that spilled over into Asian markets. The market’s risk appetite has contracted due to fears of a possible recession following softeningContinue Reading
