BOFA, ANZ, China Beige Book on Covid, slowing growth

The Chinese economy is “struggling” for now — but it’s “not in serious trouble,” according to Derek Scissors chief economist at research firm China Beige Book. “We’re not looking at outright contraction as China suffered in 2020,” Scissors told CNBC’s “Squawk Box Asia” on Tuesday. He was referring to how the Chinese economy saw a … Read more

Russia’s next move in Ukraine in focus

LONDON — European stocks are expected to open mixed on Tuesday, with investors’ attention focused on the latest developments in the war between Russia and Ukraine. The UK’s FTSE index is seen opening 15 points higher at 7,613, Germany’s DAX 30 points higher at 14,086, France’s CAC 40 down 8 points at 6,554 and Italy’s … Read more

These unusual indicators may be worth monitoring

The completion of the world’s tallest buildings is said to be one less conventional indicator of an economic downturn. Pictured here on April 3, 2022, is the Merdeka 118 tower in Malaysia, which was completed at the end of the 2021 and is said to be the world’s second tallest skyscraper. Sopa Pictures | light … Read more