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Data from China ICYMI late last week, once again showing that Chinese lenders tend to front-load loans at the beginning of the year.Banks extended 4.92 trillion yuan in new yuan loans in January, a record high (the previous record was 4.9…

© Reuters. Spectrum Brands Holdings (NYSE: NYSE:) has reported a decline in net sales by 3% for the first quarter of 2024, aligning with market expectations. Despite the decrease in sales, the company experienced a significant…

People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a…

PCE core y/yPrior was +3.2%PCE core m/m +0.2% vs +0.2% expectedPrior m/m core +0.1%Headline PCE +2.6% vs +2.6% expected (prior +2.6%)Deflator m/m +0.2% vs +0.2% expected (prior -0.1%) Full reportConsumer spending and income for…

The Ripple ecosystem has been experiencing significant growth, achieving new milestones in its expansion into different regions and sectors. The cryptocurrency payments network may have scored one of its best achievements yet in…

People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a…

Singapore December non oil domestic exports (NODX) -2.8% m/m -1.5% expected, +0.3% priorFor the y/y -1.5%expected +3.3%, prior +1%--Singapore Non-oil Domestic Exports (NODX) measures the value of goods exported from Singapore excluding oil…

© Reuters. Citi cuts Rocket Companies as valuation too stretched, lifts Sallie Mae on higher expected balance sheet growth Citi analysts downgraded Rocket Companies (RKT) to Sell from Neutral and upgraded Sallie Mae (SLM (NASDAQ:))…

Implementation of the latest round of layoffs at Google began in the US at the end of last week. "The New York Times" and "The Verge" reported that at least 1,000 employees from various departments, including engineering…

The interest rate on the MLF loans currently stands at 2.5%. It was last cut in August 2023, from 2.65%.Market expectations:the consensus estimate in the Bloomberg survey of analysts is that the People's Bank of China (PBOC) will cut 10bp…