China will set out its major economic objectives and policy goals for 2020 at the National People’s Congress. We expect fiscal stimulus of 5-8% of nominal GDP to be announced, half the size of the stimulus that followed the GFC. Most of this stimulus will come in the form of bond issuance (e.g. special treasury bonds and local government special bonds). The biggest beneficiary of this stimulus will be the transport and infrastructure sectors. On monetary policy, we do not expect aggressive interest rate cuts or QE; but efforts will continue to ensure financial markets remain liquid, through lending targets and RRR cuts. Read more
European stocks and bond yields tumble and the dollar hits a six-week low after U.S. President Donald Trump began his term in office with a protectionist speech that pushed a nervous market into safe-haven assets. Ciara Lee reports Continue reading
Burberry adds another celebrity to its list of famous models, British actress Lily James.
British singer Sam Smith unveils the video for “Writing’s on the Wall”, the theme song for the upcoming James Bond film “Spectre”.
U.S. civil rights leader and former head of the NAACP Julian Bond, who also held elected office in Georgia for two decades, died on Saturday (April 16) aged 75