China's monetary shift signals economic worries, but 'bazooka-style' stimulus is unlikely, experts say [MSNBC.com]
BNP PARIBAS SPONS ADR (BNPQY)
NASDAQ:AMEX Investor Relations:
invest.bnpparibas.com/en
Company Research
Source: MSNBC.com
The People's Bank of China (PBOC) building in Beijing, China, on Tuesday, April 18, 2023.Bloomberg | Getty ImagesChinese top leadership surprised the market Monday by signaling a shift in its monetary policy stance after 14 years, indicating the economic challenges facing the country are quite entrenched, yet an outsized stimulus is unlikely, according to experts.China is looking to switch its policy stance next year to "moderately loose" from "prudent" — a phrase they haven't usedsince the depths of the global financial crisis in 2008This is the first time the current leadership has acknowledged that monetary policy should be loose, setting the stage for "a new monetary easing cycle," said Larry Hu, chief economist at Macquarie."Such a tone suggests that policymakers are deeply concerned about the economic outlook, given the sluggish domestic demand and the threat of another trade war," Hu added.Despite a flurry of stimulus measures since late September, recent economic indicators ha
Show less
Read more
Impact Snapshot
Event Time:
BNPQY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BNPQY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BNPQY alerts
High impacting BNP PARIBAS SPONS ADR news events
Weekly update
A roundup of the hottest topics
BNPQY
News
- BNP Paribas to Acquire French Firm, Ex-ETF Partner AXA [Yahoo! Finance]Yahoo! Finance
- U.S. Factoring Services Market Research 2025-2030: Non-Recourse Factoring Revolutionizes Trade Finance with Full Credit Coverage and No Long-Term Contracts [Yahoo! Finance]Yahoo! Finance
- Groundbreaking Experimentation of DLT Settlement in Central Bank Money by IZNES with the European Central Bank and Banque de FrancePR Web
- Ueda's Caution Risks Yen Punching Holes in BOJ Policy Logic [Yahoo! Finance Canada]Yahoo! Finance Canada
- Ueda's Caution Risks Yen Punching Holes in BOJ Policy Logic [Yahoo! Finance]Yahoo! Finance