Dow Jones takes Pakistan’s word for it

Dow Jones takes Pakistan’s word for it

The Dow Jones Industrial Average (DJIA) climbed 0.6% on Friday, settling near 51,200 and outperforming the rest of the US majors on a day when the tech-heavy Nasdaq Composite slipped into the red. The bid rests on a peace deal that exists mostly as a social media post: Pakistani Prime Minister Shehbaz Sharif announced a […]

Policy mix supports stability – Societe Generale

Policy mix supports stability – Societe Generale

Societe Generale notes that Chinese inflation remains subdued, with May Consumer Price Index (CPI) at 1.2% and core at 1.1%, while PPI has risen to a four-year high, suggesting weak consumer demand and margin pressure. The bank highlights that authorities are using targeted easing and tighter capital controls to manage USD flows and limit Yuan […]