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The Latest Breaking News from the People Bank of China

Stocks Set to Open Higher as Investors Await FOMC Minutes and More Corporate Earnings

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.

Barchart

China’s Central Bank Takes Surprising Step As Economy Falters

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%.

Zenger

Stock market today: Wall Street falls with markets worldwide after weak economic data from China

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

The Independent UK

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China growth momentum slows further amid calls for stimulus

BEIJING: China’s economy lost more steam in June with manufacturing activity contracting again and other sectors failing to build momentum, as calls grow for more policy support.

The Times of India

China's C.bank Warns SVB Failure Shows Impact of Rapid Global Rate Hikes

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.

Asharq Al-Awsat

China has reappointed its central bank governor, when many had expected a change

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

WEKU

Favoring continuity, China reappoints central bank governor

China has reappointed Yi Gang as head of the central bank in an effort to reassure entrepreneurs and financial markets by showing continuity at the top while other economic officials change

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