Dollar hits four-month low as Trump warns tariffs will cause ‘a little disturbance’, European shares rally after German debt brake deal – business live
Dollar falls further, sparking talk that it could lose its safe-haven status; German ‘bazooka’ sends defence stocks and bond yields soaringChina has set its GDP target for 2025 at “around 5%”, a figure which was unveiled by Premier Li Qiang at the opening session of the National People’s Congress (NPC) in Beijing on Wednesday.Li announced the growth target in the annual government work report, which also outlined plans to stabilise economic growth by boosting domestic demand and creating 12m new urban jobs.These proposals for an immediate loosening of Germany’s fiscal rules will likely be enacted. They are a fiscal sea change for Germany.At home, the infrastructure fund signals that the new government will seriously tackle key domestic deficiencies. I look forward to the day in the – probably still somewhat distant – future when German trains may run as fast and punctual as those in France, Switzerland or Austria. Continue reading...
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Dollar falls further, sparking talk that it could lose its safe-haven status; German ‘bazooka’ sends defence stocks and bond yields soaring
China has set its GDP target for 2025 at “around 5%”, a figure which was unveiled by Premier Li Qiang at the opening session of the National People’s Congress (NPC) in Beijing on Wednesday.
Li announced the growth target in the annual government work report, which also outlined plans to stabilise economic growth by boosting domestic demand and creating 12m new urban jobs.
These proposals for an immediate loosening of Germany’s fiscal rules will likely be enacted. They are a fiscal sea change for Germany.
At home, the infrastructure fund signals that the new government will seriously tackle key domestic deficiencies. I look forward to the day in the – probably still somewhat distant – future when German trains may run as fast and punctual as those in France, Switzerland or Austria.
Continue reading...
