Chinese Outstanding Loan Growth YoY (Apr) Y/Y 5.6% vs. Exp. 5.8% (Prev. 5.7%)

The Chinese outstanding loan growth for April came in at 5.6%, slightly missing expectations of 5.8% and down from the previous 5.7%.

Newsquawk StaffPublished On the live feed at 7 more headlines followed before this page went public
Newsquawk headlinesUTC

US Pentagon has not signed new contracts to replenish its munitions supplies, NBC reports

US President Trump's proposals are reportedly facing opposition in Congress, Semafor reports; these include a gas tax holiday and federal funding for a new ballroom in the White House

Chinese Outstanding Loan Growth YoY (Apr) Y/Y 5.6% vs. Exp. 5.8% (Prev. 5.7%)

BofA Institute Total Card Spending (w/e May 2) +7.1% (vs +2.7% Y/Y, +4.8% Y/Y during April); Ex-gas spending +5.8% Y/Y; BofA suggests Mothers' Day could've impacted spending

US Senate Banking Committee holds markup of crypto bill today, Fox's Pergram reports

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Free. No signup, no card.
Context

This miss suggests a potential slowdown in credit demand, which could have implications for economic growth and may weigh on sentiment related to Chinese assets in both domestic and global markets.

Related headlines

The whole workspace, free to try.

Try it free