What Can Rule the Roost in January 2023?
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
Chinese banks will demonstrate slowing loan surge
Chinese banks are braced for seeing a slowdown in lending surge during the second half of 2017, having used most of their annual credit quota, thus increasing the specter of corporate defaults because financing costs keep rising in the world's number two economy.
Beijing's crackdown on risky lending has already increased financing costs and affected profit margins. Experts estimate that banks have already utilized 80% of their yearly credit quota over January-June, against the regular 60%, amid a regulatory attempt to bring shadow financing activities to the key loan book.
China’s key lenders, including China Construction Bank, Agricultural Bank of China and Industrial and Commercial Bank of China are going to report their first-half outcomes over the next two weeks.
China's policymakers have told that the government will keep lowering overall leverage and that slower surge in broad M2 money supply, includes demand deposits as well as monies in easily accessible accounts, could be a normal thing.
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Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
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S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
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The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
