CCY - Delayed Quote • USD CNY/USD (CNYUSD=X) Follow 0.1381 -0.0000 (-0.04%) As of 4:54 PM GMT+1. Market Open. All News Press Releases Geopolitic Tensions Are Likely To Increase In 2024. What Should Investors Be Careful Of? Following widespread surges in global stock markets throughout 2023, reaching record highs in some countries, the year 2024 is anticipated to be historically significant due to a multitude of elections. Chinese stocks, yuan react to Moody's credit outlook cut Chinese blue-chip stocks have fallen to a five-year low after Moody's cut the Chinese government's credit outlook rating. Yahoo Finance's Jared Blikre joins the Live show to share his observations on Chinese stocks and the yuan's reactions to various economic concerns in China. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. China plans to spend $137B on infrastructure to boost economy China is considering increasing its budget deficit to spend an additional 1 trillion yuan ($137 billion) on infrastructure projects. This proposed stimulus spending aims to boost China's economy by funding construction. However, the expanded deficit would surpass the government's 3% GDP target. Yahoo Finance reporter Jared Blikre analyzes China's proposed infrastructure spending increase, examining the market trends and economic factors that likely influenced this policy decision. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Dollar under pressure after moves from China, Japan The U.S. dollar (DX-Y.NYB) has been under pressure after China's central bank made moves to push back against the dollar's strength. It's also feeling the impact of hawkish talk from the head of Japan's central bank. Yahoo Finance Markets Reporter Jared Blikre breaks down the dollar's moves. Sovereign Mid-year 2023 Outlook: Negative Rating Outlook Framed by Slowdown, High Debt, Rising Rates Scope Ratings has revised up its 2023 global growth forecast modestly to 2.9% but has cut its 2024 forecast to 3%. More downside rating actions than upside are expected in the second half of this year. African Sovereigns: Deeper, Co-ordinated Debt Relief Needed to Strengthen Credit Profiles Distressed African countries risk having weaker credit profiles for longer unless there are better co-ordinated debt restructurings. Any improvements need to overcome burden-sharing among more diverse creditor groups. The Crypto Mile: Will the US dollar ever crash? The suspension of the debt ceiling in the US is escalating the risk of a sovereign debt and currency crisis, Peter Schiff has warned, adding that 'the dollar's status as a reserve currency is going to be lost'. The Future of Forex: ChatGPT’s Role in Shaping the Currency Trading Landscape Artificial Intelligence (AI) has been a hot topic in the world of trading for decades. Will AI ever be able to outperform humans in making potentially profitable decisions? China’s Recovery Stuttering as the Dollar Breaks ¥7 Lower inflation and contraction in manufacturing have hit the yuan but stock markets remain undaunted.
