China's Industrial Profits Return to Growth as Xi Jinping Meets US Business Leaders
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Global stock markets have continued their rally, with the US and Australian indices marking a fourth consecutive month of gains. The S&P500 and ASX200 have both shown upward momentum. Despite challenges such as high inflation figures and scaling back of hopes for bold rate cuts, investor sentiment remains positive. The US economy saw core PCE inflation rise by 0.4% MoM for 2.8% YoY in January. In Germany, the inflation rate in February eased to 2.5% YoY, while Japan's inflation rate dropped to 2.2% YoY in January. Australia's Monthly CPI indicator for January rose by 3.4% YoY. The second estimate of US Q4 GDP was 3.2%, and the Canadian economy expanded by 0.2% in Q4. Crude oil and gold have also seen gains. Upcoming events to watch include GDP numbers for Q4 in Australia, the ECB interest ...
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