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Coronavirus update: Shanghai to end lockdown, Beijing remains hopeful

Markets in Asia cheer news that China will essentially end the Shanghai lockdown on Wednesday.

Beijing, however, remains restricted, despite the no. of covid cases declining and officials indicating on the weekend they are ready to ease restrictions in parts of the capital.

Over the weekend, the Shanghai municipal government issued a plan issued to revitalize an economy impacted by covid lockdowns.

more to come ....

S&P 500 Futures renew three-week high on Fed, China chatters, yields dribble on US bank holiday

Global markets remain mildly positive during Monday’s Asian session as traders anticipate a softening of the rate hikes amid concerns over inflation a
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Japan’s PM Kishida expects BOJ to strive to achieve inflation target.

Japanese Prime Minister Fumio Kishida said on Monday, his government expects the Bank of Japan (BOJ) to strive to achieve the inflation target. Additi
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