The Latest Breaking News from the People Bank of China

The China central bank decided to keep its key policy rate steady amid concerns over the impact of Federal Reserve decisions on the global economy.

December S&P 500 futures (ESZ23) are down -0.10%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.07% this morning as market participants looked ahead to the release of the minutes of the Federal Reserve’s latest policy meeting as well as earnings from semiconductor stalwart Nvidia later in the week.

December S&P 500 futures (ESZ23) are down -0.01%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.04% this morning as market participants looked ahead to the release of the minutes of the Federal Reserve’s latest policy meeting as well as earnings from semiconductor stalwart Nvidia later in the week.

December S&P 500 futures (ESZ23) are up +0.05%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.07% this morning as market participants looked ahead to the release of the minutes of the Federal Reserve’s latest policy meeting as well as earnings from semiconductor stalwart Nvidia later in the week.

December S&P 500 futures (ESZ23) are up +0.05%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.10% this morning as market participants looked ahead to the release of the minutes of the Federal Reserve’s latest policy meeting, while also gearing up for a flurry of earnings reports.

December S&P 500 futures (ESZ23) are up +0.05%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.10% this morning as market participants looked ahead to the release of the minutes of the Federal Reserve’s latest policy meeting, while also gearing up for a flurry of earnings reports.

The rates for the People's Bank of China's one-year medium-term loan facility were unexpectedly cut by 15 basis points to 2.5%. 

Stocks worldwide are falling as China’s faltering recovery raises worries for the rest of the global economy

Central banks are buying large amounts of gold as heightened uncertainty drove governments to accumulate the precious metal. Precious metals traders are buying more micro gold futures and weekly gold options as they manage economic and geopolitical risks.

A senior official at the People's Bank of China said on Saturday the collapse of Silicon Valley Bank (SVB) showed how rapid monetary policy shifts were having spillover effects, state-owned newspaper Shanghai Securities News reported.

China on Sunday reappointed Yi Gang as head of the central bank in an effort to reassure entrepreneurs and financial markets.