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US Futures Slip As China’s Growth Goal Disappoints: Markets Wrap
US equity futures struggled to build on last week’s rally, as investors assessed the potential impact of China’s modest new economic growth target and waited to see if Treasury yields would extend their declines off recent highs. Chinese leaders set a lower-than-expected 5% economic growth goal, which implies Beijing is unlikely to deploy large-scale stimulus to shore up its economy as it emerges from Covid-era lockdowns. That kept US futures in the red, after Friday’s strong session that saw th...
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Posted: Mar 6 2023, 13:44
Author Name: vladimirribakov
Views: 082191
