China's Q2 GDP Growth Slows Amid Economic Headwinds
China's economic expansion in the second quarter registered its weakest pace in over three years, missing analyst projections.
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China's economic expansion in the second quarter registered its weakest pace in over three years, missing analyst projections.
The New Zealand Dollar showed resilience against the US Dollar, maintaining levels above 0.5800 even after recent Chinese economic figures.
US military actions near the Strait of Hormuz have intensified, targeting Iranian military sites and raising concerns about regional shipping.
The Australian Dollar advanced for a second day, primarily supported by encouraging economic indicators from China, a major trade partner.
China's economy expanded by 0.9% quarter-on-quarter, meeting forecasts, but 4.3% year-on-year, falling short of projections.
China reported stronger-than-forecast retail sales and industrial output for June, though fixed asset investment lagged estimates.
Chinese new home prices registered their fourth consecutive annual decline in June, with a year-on-year drop of 3.3%.
Chinese new home prices continued their downward trend in June, marking the fourth straight year of annual declines, though at a slightly slower pace.
Japan's core machinery orders unexpectedly fell by 1.9% year-on-year in May, significantly missing market forecasts.
Japan's core machinery orders experienced a significant monthly drop of 12.4% in May, notably underperforming economists' projections.
Gulf nations are developing new oil export infrastructure, potentially insulating a significant portion of their crude shipments from the Strait of Hormuz.
Former US President Donald Trump stated that the US pressured Iran for a deal, noting the nation's diminished, yet resilient, state.
Gold prices moved higher in early Asian trading Wednesday, reacting to US inflation data that suggested a potentially less aggressive Federal Reserve.
Japan's central bank is closely monitoring if summer price increases, especially in food, become embedded in the economy.
New Zealand's retail sales for June 2026 recorded a 1.3% year-over-year increase, a notable deceleration from the previous period.
Japanese manufacturers show resilience driven by tech demand, while service sector confidence moderates due to persistent cost pressures.
President Trump confirmed US talks with Iran while indicating military pressure would continue, influencing energy market risk premiums.
China's new consumption plan targets approximately 60 trillion yuan in retail sales by 2030, signaling a strategic economic rebalance.
US crude oil stockpiles saw a much smaller reduction last week than analysts had forecast, according to the latest API data.
A recent private survey indicated a modest reduction in US crude oil inventories, falling short of market expectations for a larger draw.
The Singapore Dollar maintains a slight downward tendency against the US Dollar, trading within a narrow range, according to UOB analysts.
Investors are closely watching China's Q2 GDP and June economic activity figures for insights into the nation's economic health.
The US Dollar Index declined following softer-than-expected inflation data, while crude oil and gold prices experienced rallies.
US June CPI data came in below forecasts, easing inflation concerns and prompting a notable decline in the US dollar.
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