The trigger for Tuesday’s stock slide was China announcing a much smaller interest rate reduction than anticipated. Reuters quoted economists who found Beijing’s policy moves profoundly disappointing, although some held out hope for strong action after the next Politburo meeting in July:

“The aim (of China’s rate cut) is to bolster lending, but investors appear a little underwhelmed by the action and are waiting until further moves promised to bolster the economy materialize,” said Susannah Streeter, head of money and markets at Hargreaves Lansdown.Analysts at BofA global research said in a note that “such marginal easing” would likely help prevent growth from slowing sharply, but was “unlikely to offer a strong boost to reverse the growth slippage in the near future”.

Bloomberg News suggested bigger rate cuts were withheld for political reasons, specifically the reluctance of the Chinese regime to promote real estate speculation:

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Source: https://www.breitbart.com/economy/2023/06/20/chinas-floundering-economy-triggers-plunge-in-global-stocks-and-oil-prices/

The post China’s Floundering Economy Triggers Plunge in Global Stocks and Oil Prices first appeared on Garner Ted Armstrong Evangelistic Association.

“The rich intellectual technological heritage and truly inexhaustible evolutionary capabilities of the nuclear industry must be fully utilized in order to modernize the national economy, ensure the country’s defense capability and energy security, and strengthen Russia’s competitiveness in global markets,” the message says.

Source: https://sputniknews.com/russia/201909241076881090-russian-nuclear-potential-should-be-used-to-ensure-countrys-defene-capability—putin/

The post Russian Nuclear Potential Should Be Used to Ensure Country’s Defenсe Capability – Putin first appeared on Garner Ted Armstrong Evangelistic Association.