Asian markets on Monday look set to open on a cautious footing in the wake of Wall Street's slide and oil's surge on Friday, against a backdrop of escalating violence in the Middle East, and ahead of top-tier Chinese economic data later in the week.
GDP is the biggie. Everyone knows the continent's largest economy has not emerged from the COVID lockdown restrictions anywhere near as strongly as most observers had expected. Many private sector forecasters in recent months have slashed their outlook for this year and next. The numbers on Wednesday will go a long way to determining whether Beijing's official 2023 goal of around 5% GDP growth will be met.
The move was most dramatic at the long end - the 30-year yield fell more than 15 basis points, its biggest weekly fall since March. But that followed five consecutive weekly increases and an accumulated rise of around 65 basis points. Charlie Munger is a fraction as wealthy as Warren Buffett. He'd be worth over $10 billion if he kept all of his Berkshire Hathaway stock.
Air Canada stock climbed this year and is still up 10% in the last year, but down 30% in the last three months. So what now? The post Down 30% in 3 Months, Is AC Stock a Buy Today? appeared first on The Motley Fool Canada.
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