Base Metals Advance as China Vows to Support Property Sector [Yahoo! Finance Canada]
Citigroup, Inc. (C)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg China's Politburo will push for the real estate market “to stop declining” and called for “forceful” rate cuts, the official Xinhua News Agency reported on Thursday. That followed a Bloomberg report that China is considering a $142 billion capital injection into the biggest state banks. Copper gained 0.8% to $9,892 a ton on the London Metal Exchange at 3:19 p.m. Singapore time after climbing to the highest since July on Wednesday. Zinc was up 1.2%, while aluminum rose 0.5%. Nickel was steady. Iron ore climbed 2.5% to $98.85 a ton, after rallying almost 8% the past two sessions. The move by the Politburo followed a raft of stimulus measures earlier in the week from China to boost its lackluster economy, with some questioning whether it would be enough to ease deflationary pressures, or lift property and infrastructure consumption, both of which are crucial for metals. Policy risks from the US have also clouded the outlook for base metals, as well as th
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News
- 20 Geopolitical Events with Highest Impact on S&P 500 [Yahoo! Finance]Yahoo! Finance
- FRN Variable Rate Fix [Yahoo! Finance]Yahoo! Finance
- Chinese stocks post best week since 2008 after stimulus blitz [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Citi and Apollo Announce $25 Billion Private Credit, Direct Lending ProgramBusiness Wire
- Base Metals Edge Lower as Doubts Swirl Over China's Stimulus [BNN Bloomberg (Canada)]BNN Bloomberg
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Earnings
- 7/12/24 - Beat
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Sec Filings
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- 9/27/24 - Form 424B2
- 9/27/24 - Form 424B8
- C's page on the SEC website