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Some participants say that behind closed doors there were more pointed questions about the potential for similar shocks like the failure of Silicon Valley Bank and the forced sale of Credit Suisse
US The first few banks are delivering a strong start to earnings season, reigniting soft landing calls, while large parts of Wall Street remain confident tha
China is in the spotlight this week. It starts with the one-year policy rate, which should remain unchanged on Monday, paving the way for commercial banks to keep their prime lending rates steady later in the week. The biggest release of the week is first quarter GDP as it should see a major recovery as the economy reopened from its COVID lockdowns. China Q1 GDP is expected to accelerate from 2.9% to 4.5%. In addition to GDP, traders will dissect industrial output, investment and retail sales data releases, all of which are expected to show improvements.
U.Today has prepared a summary of the top four news stories over the past day. According to a Twitter user who goes by @Rohitku24694375, fintech giant has…
He’ll kick things off today at a Center for Global Development event, where he’ll talk about the future of the World Bank.