China’s stimulus-boosted private sector is on track to lead the economy to a ‘self-sustained recovery’ that could see growth hit 6.6 percent this year, according to HSBC (Hongkong and Shanghai Banking Corporation).
The comparisons with US peers just got a lot harder for European banks after a strong showing from J.P. Morgan to kick off earnings season, but could there be fresh revenue on the way for European investment banks, even if it is of their own making?
The Bank of England could be set a target for house price inflation under plans being explored by the Labour party, with tougher powers to restrict mortgage lending to close the gap between property prices and average incomes.
Japan’s exports fell for a fourth straight month in March as China-bound shipments slumped again, reinforcing growing anxiety that weak external demand may have knocked the economy into contraction in the first quarter.
Bank of Japan Governor Haruhiko Kuroda said on Friday the central bank was ready to expand monetary stimulus if needed, brushing aside the view the BoJ had little ammunition left to fight the next economic downturn.