Shanghai issues 2026 economic targets including GDP growth of around 5% and CPI around 2%
Shanghai's announcement of GDP growth targets around 5% and CPI at approximately 2% signals a moderate growth outlook for the region, aligning with broader economic stabilization efforts.
[MARKET ANALYSIS] Precious metals stage a comeback following the recent sell-off
[MARKET UPDATE] Asia-Pac stocks further extend on advances with Nikkei 225 now higher by more than 3%, while the KOSPI is the biggest gainer and is up by almost 5% in a broad turnaround from yesterday's bloodbath
Shanghai issues 2026 economic targets including GDP growth of around 5% and CPI around 2%
PBoC injects CNY 106bln via 7-day reverse repos with the rate at 1.40%
PBoC sets USD/CNY mid-point at 6.9608 vs exp. 6.9598 (Prev. 6.9695)
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This guidance reflects a cautious optimism, which could influence market sentiment and policy expectations going forward, particularly in the context of ongoing economic adjustments in China.
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