China expected to announce highly anticipated fiscal stimulus package

China expected to announce highly anticipated fiscal stimulus package


Key Points
  • Chinese authorities have ramped up stimulus announcements since late September, sparking a stock rally.
  • While the People’s Bank of China has already cut several interest rates, major increases in government debt and spending requires approval by the country’s parliament, called the National People’s Congress.
  • That approval could granted during a weeklong meeting of the legislature’s standing committee, with more stimulus expected to be unveiled on Friday.



Source

Stocks making the biggest moves premarket: Grail, Blue Owl Capital, Opendoor Technologies & more
Finance

Stocks making the biggest moves premarket: Grail, Blue Owl Capital, Opendoor Technologies & more

Check out the companies making headlines before the bell. Grail — Shares cratered 47% after the company said a trial of one of its drugs missed its primary endpoint and failed to show statistically significant Stage III-IV cancer reduction. Blue Owl Capital — Shares slid nearly 3%, a day after after the private market and […]

Read More
Stocks making the biggest moves after hours: Akamai Technologies, Opendoor, Live Nation & more
Finance

Stocks making the biggest moves after hours: Akamai Technologies, Opendoor, Live Nation & more

Check out the companies making headlines in after-hours trading. Akamai Technologies — Shares of the cloud computing company dropped almost 8% in the after-hours session after Akamai gave disappointing first-quarter guidance. Akamai said it sees first-quarter adjusted earnings ranging between $1.50 and $1.67 per share, compared to the $1.75 per share consensus estimate from analysts […]

Read More
Stocks making the biggest moves premarket: Walmart, Hims & Hers, Carvana, Figma & more
Finance

Stocks making the biggest moves premarket: Walmart, Hims & Hers, Carvana, Figma & more

Check out the companies making the biggest moves in premarket trading: Walmart — The big-box retailer shed 3.7% after its full fiscal year outlook fell short of expectations. Walmart said it anticipates net sales will increase by 3.5% to 4.5% and adjusted earnings per share to range from $2.75 to $2.85. Analysts polled by LSEG […]

Read More