HONG KONG, Oct 18 — Asian shares were on edge this morning ahead of the release of Chinese economic data for the third quarter, as investors fret about the health of the world’s second-largest economy even as U.S companies report strong quarterly earnings.
MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed in early trading today, off 0.07 per cent, while Japan’s Nikkei lost 0.12 per cent. US stock futures, the S&P 500 e-minis, were down 0.13 per cent. Barclays analysts said in a note that they expected GDP to slow “in view of persistent weakness in consumption and services amid repeated Covid outbreaks, and the fading of the low year-earlier base.”
Elsewhere, investors are continuing to position themselves for the US Federal Reserve to start tapering its massive asset purchases this year. The pound could gain on the dollar this week as “UK economic and inflation dynamics support the upward shift to the UK interest rates”, while the Chinese yuan traded off-shore could be hurt by Chinese GDP data, they added.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China Q3 GDP growth seen hitting one-year low, raising heat on policymakers | Malay MailBEIJING, Oct 18 — China’s economy likely grew at the slowest pace in a year in the third quarter, hurt by power shortages, supply bottlenecks and sporadic Covid-19 outbreaks and raising heat on policymakers amid rising jitters over the property sector. Data released today is expected to show...
Source: malaymail - 🏆 1. / 86 Read more »
‘Art transcends race’: Paris Opera Ballet’s first Asian etoile ballerina | Malay MailSEOUL, Oct 18 — When Sae Eun Park auditioned for the world’s oldest ballet institution, her Paris hotel room was so small she could not fully stretch her legs. A decade later the South Korean has become the first Asian ballerina to reach the top “etoile” — or “star” — rank in the...
Source: malaymail - 🏆 1. / 86 Read more »
China wrest Uber Cup from Japan, clinch record 15th title | Malay MailAARHUS, Oct 17 — China wrested back the Uber Cup title from Japan after defeating the defending champions 3-1 in the final played at the Ceres Arena here on Saturday night (Sunday early morning in Malaysia.) The win also helped China lift the trophy for a record 15th time, after having won the...
Source: malaymail - 🏆 1. / 86 Read more »
China launches second crewed mission to build space station | Malay MailJIUQUAN (China), Oct 16 ― China today launched a rocket carrying three astronauts ― two men and one woman ― to the core module of a future space station where they will live and work for six months, the longest orbit for Chinese astronauts. A Long March-2F rocket carrying the Shenzhou-13...
Source: malaymail - 🏆 1. / 86 Read more »
China tested new space capability with hypersonic missile, reports Financial Times | Malay MailWASHINGTON, Oct 17 — China has tested a new space capability with a hypersonic missile, the Financial Times reported yesterday. The report, citing multiple sources familiar with the test, said Beijing in August launched a nuclear-capable missile that circled the Earth at low orbit before...
Source: malaymail - 🏆 1. / 86 Read more »
China faces challenges from ‘mismanagement’ at certain firms, says PBOC head | Malay MailBEIJING, Oct 17 — China’s economy is “doing well”, but faces challenges such as default risks for certain firms due to “mismanagement”, the People’s Bank of China Governor Yi Gang said today. Concerns have grown in recent weeks over the possible collapse of property developer China...
Source: malaymail - 🏆 1. / 86 Read more »