Morning Bid: Lots of China news, little clarity

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Morning Bid: Lots of China news, little clarity
ChinaFinancial RegulatorCentral Bank Chief
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China is very much the center of attention today, following a barrage of data and remarks from its central bank chief, financial regulator and stats bureau...

China is very much the center of attention today, following a barrage of data and remarks from its central bank chief , financial regulator and stats bureau.

Of course, all this is arguably old news, mostly predating the announcement of the most aggressive stimulus since the pandemic at the end of last month - even if a lack of detail in subsequent press briefings has sapped the initial momentum. Robust earnings from Taiwanese chipmaker and Nvidia supplier TSMC was probably responsible for the bulk of gains in Hong Kong stocks, as well as lifting Taiwan's equity benchmark by 2.5%.

The British currency is down 0.4% for the week, looking much more robust than the euro, which is on track for an almost 1% slide after Thursday's ECB rate cut and signals of more coming soon.Yankees don't have time to lick their wounds after gut-punch Game 3 loss The executive also took a dig at Trump, saying that the infamous boardroom from the show was a set because Trump’s real one was “too old and shabby for TV”

New Orleans Saints cornerback Paulson Adebo had to be carted off during "Thursday Night Football." Here's the latest injury update.China is very much the center of attention today, following a barrage of data and remarks from its central bank chief, financial regulator and stats bureau. The economy grew at the slowest pace since early 2023 in the third quarter, although forecast-topping retail sales potentially gave some cause for optimism.

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