Asian Equities Down Even as Wall Street Enjoys a Strong Earnings Season
Equities in Asia fell today over concerns that China may slow down its fiscal and monetary stimulus measures as its economy shows signs of..
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Last updated: Wednesday, April 24, 2019
Wall Street may be reporting a strong earnings season of late, but equities in Asia fell today over concerns that China may slow down its fiscal and monetary stimulus measures as its economy shows signs of improvement.
China’s central bank PBOC could pause any moves to ease lenders’ reserve needs to perform an assessment of current economic conditions. This move was prompted by better than expected Caixin Services PMI and quarterly GDP figures releasing a few days ago.
At the end of today’s trading session, Japan’s NIKKEI225 was down 0.3%.
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Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.
His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.
His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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