Live Breaking News & Updates on China shanghai

Stay informed with the latest breaking news from China shanghai on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in China shanghai and stay connected to the pulse of your community

Yen Weakens Further as Market Eyes Possible 160 Mark, Dollar Awaits Key GDP Data

Japanese Yen's accelerated decline captured significant attention in Asian session, while the broader currency markets remained generally stable. Market participants interpret the apparent lack of urgency from Japanese officials to address Yen's fall as a tacit approval for its continued depreciation. This perspective gains significance following the recent trilateral meeting between Japan, South Korea, and the US, where the sharp decline of Yen was a subject of "serious concerns." Speculation is rife that Japan might tolerate Yen's fall to 160 mark against Dollar before taking any corrective actions.

Canada , Hong-kong , Switzerland , Australia , South-korea , Japan , Shanghai , China , Swiss , Australian , Canadian , Japanese

Disappointing GDP Growth and Rising Inflation Spark Risk Sentiment U-Turn

Risk sentiment took a sharp downturn following the release of US Q1 GDP data, which revealed weaker-than-expected economic growth alongside an acceleration in both headline and core PCE price indexes. This combination suggests that the US economy may be caught in a challenging cycle where high interest rates are dampening economic activity without effectively curbing inflationary pressures. In response, DOW futures plummeted by over -300 pts at the time of writing, signaling a steep market open, while 10-year Treasury yield is making moves to break 4.7% mark.

Japan , Switzerland , Canada , Shanghai , China , Australia , Germany , New-zealand , Hong-kong , United-kingdom , Japanese , British

Aussie Propelled by CPI, Has Stock Market Correction Ended?

Australian Dollar is having a robust, broad-based rally today, boosted by unexpectedly strong CPI data. This inflation report is particularly notable given the unexpected reacceleration in monthly CPI in March, which contributed to the quarterly figure not slowing as much as anticipated. Meanwhile, both services and domestic inflation remain elevated. The set of data is unlikely to alter RBA's "not ruling anything in or out" stance at the upcoming meeting in May. The timing of the first rate cut is now pushed further to the end of the year, and there is even possibility that the next move is a rate hike.

New-zealand , Hong-kong , Switzerland , Shanghai , China , South-korea , Canada , Germany , Australia , Japan , Canadian , Swiss

Dollar Gains Following Durable Goods Data, Canadian Drops on Retail Sales Miss

Dollar is making a modest recovery in early US session, supported by slightly better-than-expected durable goods orders and recovery in benchmark Treasury yields. However, the overarching direction of the greenback for the near term remains uncertain, largely dependent on shifting risk sentiments. Current stock futures are showing mixed opening, leaving investors watching closely to see how these dynamics unfold throughout the trading day.

New-zealand , Shanghai , China , Australia , United-kingdom , Germany , Canada , Hong-kong , Switzerland , South-korea , Japan , Canadian

Aussie Gains on Solid PMIs and RBA Hike Possibility

Australian Dollar trades broadly higher today, lifted partly by resurgence in risk sentiment, as well as robust PMI data reflecting the cyclical recovery in Australian economy. Improvement in the economic outlook reduces the immediate need of a rate cut by RBA. Judo Bank, who complied the PMI data, warned about the possibility for another rate hike if economic activity continues to pick up while inflation remains elevated.

France , United-kingdom , Canada , New-zealand , Japan , Shanghai , China , South-korea , Germany , Australia , Switzerland , Hong-kong

Sterling and Euro Rebound on PMIs, But No Turn Around Yet

Sterling and Euro rebound broadly today, bolstered by encouraging PMI data that suggests continued recovery momentum in both UK and Eurozone. For the Pound, the latest PMI readings indicate that UK's recovery from last year's recession is gathering pace. Meanwhile, rising cost pressures, particularly in the services sector, are heightening concerns about the sustainability of disinflation progress. These concerns are echoed by some BoE officials, who appear hesitant to consider interest rate cuts in the near future due to the persistent inflationary pressures.

New-zealand , Hamburg , Germany , Australia , South-korea , Shanghai , China , Japan , France , Hong-kong , United-kingdom , Canada

Commodity Currencies Tick Up after Calm Weekend; US GDP and PCE to move markets

Commodity currencies rises broadly in Asian session today, buoyed by slight improvement in risk sentiment after a relatively quiet weekend in the Middle East. This contrasted with the performance of typically safe-haven assets such as Swiss Franc, Japanese Yen, and Dollar, all of which traded mildly lower. Gold also dips away from 2400 mark, while WTI crude oil lingered around 82. Overall, the picture suggests relative calm in the markets for now.

Japan , Hong-kong , Switzerland , Canada , Ukraine , Australia , New-zealand , Russia , China , Villeroy , Quebec , Shanghai

Sterling Tumbles Broadly Amid Speculation of BoE Dovish Turn

British Pound faced broad selloff today, continuing its decline in response to comments made last Friday by BoE Deputy Governor Dave Ramsden. Ramsden expressed he is now much less worried about inflation, and expects upcoming data to show significant slowdown in April. More importantly, he emphasized that UK inflation trends are likely to realign more closely with Eurozone rather than with the US.

Shanghai , China , Hong-kong , Australia , Japan , United-kingdom , Germany , Switzerland , Swiss , British , German , Siegfried-russwurm

Middle East Conflict Shakes Markets, But Risks Seem Contained for Now

Significant volatility was seen in Asian session, following the news of Israel's missile strike in retaliation against Iran. This geopolitical development initially led to steep decline in Asian stocks and concurrent surge in oil prices and safe-haven assets like Swiss Franc, Yen, and Dollar. Nevertheless, fund flows started to reverse partially as the situation seemed to stabilize somewhat, as likelihood of immediate further escalation appeared to diminish.

Shanghai , China , Hong-kong , Australia , Canada , Japan , Israel , Iran , Germany , Switzerland , United-kingdom , Isfahan

Market Calm Restored After Middle East Tensions Subside

Financial markets have steadied following a brief period of heightened volatility triggered by fears of escalating conflict in the Middle East. Initial concerns about a full-scale confrontation were alleviated. Both Israel and Iran played down the significance of recent explosions near an Iranian military base, suggesting a broader conflict might be avoided for now. As a result, while major European indices and US futures are trading lower, losses remain contained. WTI crude oil has retracted to around 82 after a temporary spike above 86, and gold has settled back below 2400 handle.

Germany , Canada , Iran , Shanghai , China , Australia , Switzerland , Israel , Japan , United-kingdom , Hong-kong , Canadian