Futures are pointing to a lower Wall Street open, with China ramping up its rhetoric in the ongoing trade dispute with the U.S.Morning Briefread more
A Ministry of Commerce spokesperson did not mention any U.S. actions specifically, but it's been a tense couple of weeks for the trade negotiations.World Politicsread more
U.S. stock index futures were sharply lower Thursday as U.S.-China trade worries persisted with more companies suspending business with Chinese telecom giant Huawei.US Marketsread more
British Prime Minister Theresa May could announce her resignation in the next few days, according to U.K. media reports, as she faces increasing pressure from members of her...Europe Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
With Tesla shares skidding, two experts weigh in on what could be next for the automaker and its volatile stock.Trading Nationread more
Strategist Robert Buckland says global stocks have gained 7% on an annualized rate since 2010, which how much dividends have gone up in that time.Marketsread more
Analysts at Barclays "can't believe it's not meat," projecting huge growth for the nascent alternative food industry over 10 years.Investingread more
Chinese government-aligned experts are stressing that the U.S. will need to negotiate a trade agreement with Asia's largest economy.China Economyread more
Under-the-radar hedge-fund managers beating the market are betting on big comeback stories General Electric and PG&E, as well as Biogen.Marketsread more
China's stimulus-boosted private sector is on track to lead the economy to a "self-sustained recovery" that could see growth hit 6.6 percent this year, according to HSBC.
And while that would only match last year's GDP result — the worst performance for the world's second-largest economy in 28 years — it is well above current consensus of about 6.2 percent for 2019.
Pessimism has engulfed the outlook for China's economy this year following 2018's performance as waning growth and the still-unresolved trade war with the United States cast long shadows.
The Chinese government last month set its GDP growth target for this year at between 6.0 percent to 6.5 percent, below last year's of about 6.5 percent. China is set to announce first quarter economic growth on April 17.
Alarmed by sliding economic indicators, the Chinese government in 2018 introduced measures, such as encouraging banks to increase lending, to bolster growth — moving away from a policy that had been aimed at reining in debt.
That looser stance is accelerating this year, with Premier Li Keqiang announcing fresh stimulus measures last month, including cuts in taxes and fees worth 2 trillion yuan ($297.73 billion).
HSBC said in a report Monday that recent economic data, including stronger manufacturing activity, show that "growth has bottomed and will gradually pick up in the coming quarters as the stimulus measures filter through."
The British bank said that it sees GDP growth hitting 6.7 percent by the fourth quarter, which it predicted will push the figure for the full year to 6.6 percent.
"The shape of the stimulus package this time is very different from earlier rounds," Hong Kong-based HSBC economists Qu Hongbin and Julia Wang said in the report. "We believe that it will not only work, but will also trigger a self-sustained recovery in the coming quarters."
They said previous packages were focused on infrastructure spending but the latest tax and fee cut announced by Li — which they described as the biggest in a decade — is centered on corporate tax cuts for the crucial non-state sector.
Non-state companies make up more than 80 percent of employment in urban areas and over 70 percent of GDP, they said.
"So rising private investment could benefit over 80 percent of urban consumers, boosting final demand for products and services," Qu and Wang said. "This would lead to a self-sustained growth recovery, in our view."
Economists elsewhere are also noting signs that China's economy is stabilizing. Citi, in a report Monday, said it sees "upside risks" to its current 6.2 percent growth forecast for this year.