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- Barrons.com
Hong Kong Leads Asia Higher After Mixed Chinese Economic Data
Hong Kong stocks outperformed in Asian trading on Monday as investors across the region digested the latest mixed batch of data out of China, where an economic stagnation over the past year has rattled global markets. Hong Kong’s Hang Seng Index gained 0.8% with the Shanghai Composite losing 0.2%. Inflation data out of China over the weekend reignited hopes that the world’s second-largest economy is showing signs of growth, though recent purchasing-manager’s indexes (PMIs) have shown contradictory signs.
- Yahoo Finance UK
Wall Street higher as Europe closes in the red ahead of US inflation figures
US inflation data will be crucial to how markets see the Federal Reserve progressing on rate cuts.
- The Telegraph
Bank of England made ‘persistent and systematic’ errors, official admits
The Bank of England made “persistent and systematic” errors in its forecasts about inflation, one of its policymakers has said.
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