Fitch Ratings Downgrades Outlook for Chinese State-Owned Banks

Fitch Ratings has downgraded the outlook for six Chinese state-owned banks amid concerns about the government's ability to support the sector in the event of stress. 


 
Market Reaction to Iran Attack Tells Us Stocks Aren't in a Bubble

The swings on Friday and Monday put to bed for now concerns that a bubble has been forming. 


 
Wall Street Is Betting OPEC+ Can Fend Off $100 Oil

Traders expect spare capacity will cap crude prices despite the conflict in the Middle East. 


 
China Surprises With Strong Start to Year as Factories Power Expansion

China said its economy grew 5.3% in the first quarter, driven largely by Beijing's push to turbocharge manufacturing. 


 
U.K. Labor Market Cools Again, Making Rate Cuts More Likely

Unemployment ticked higher and wage growth slowed in the U.K. in the three months to February, adding to signs that inflation is easing and making interest-rate cuts likelier in the coming months. 


 
China's Air Passenger Numbers Surge in First Quarter

Chinese air passenger numbers surged at the start of the year amid pent-up domestic travel demand and government stimulus to revive cross-border travel. 


 
Corporate Canada Braces for Higher Taxes in Tuesday's Budget Plan

The business groups and economists worry that higher taxes could pose another hurdle to the country's lackluster business investment. 


 
Here's What Higher for Longer Means for the Stock Market

Stocks are still trading near record levels, but some investors say further gains may be more difficult to come by. 


 
Gold scores another record high as market awaits Israel response to Iran attack

Gold futures eke out a gain on Monday to notch a fresh record-high settlement as traders awaited Israel's response after Iran's attack over the weekend. 


 
Retail sales rose sharply in the first quarter - and could boost U.S. GDP

Sales at retailers rose a robust 0.7% in March and outlays in February were also stronger than initially reported, indicating the economy got a decent boost from consumer spending in the first quarter.


(END) Dow Jones Newswires

04-16-24 0515ET