Your email has been successfully added to our mailing list.

×
0.00332133960697474 0.000498200941046241 0.000498200941046241 0.000498200941046241 0.000498200941046241 0.00332133960697474 -0.00345972875726543 -0.00221422640464983
Stock impact report

China may have a new way of boosting its economy. Here's what the central bank just did [CNBC]

UNITED OVRSEAS BK S/ADR (UOVEY) 
NASDAQ:AMEX Investor Relations: uobgroup.com/investor/index.html
Company Research Source: CNBC
China's central bank has changed the way commercial lenders set interest rates for loans — a move expected to bring borrowing costs lower at a time when the Chinese economy needs a boost. Growth in China is slowing down as its trade war with the U.S. looks set to intensify in the coming months. Chinese authorities have used both monetary and fiscal measures to lift economic activity, but analysts say certain segments of the economy could use more help. "This is a welcomed move in lowering the costs of borrowing especially for smaller businesses, and it comes at an important time as China's GDP growth is at risk of falling below 6% in 2020 as US tariffs on Chinese goods are repeatedly ramped up," analysts from Singapore's United Overseas Bank wrote in a Monday note. The International Monetary Fund has projected China's growth to be at 6.2% in 2019 and 6.0% in 2020 . But those forecasts were made before the latest escalation in the U.S.-China friction , which is expected to lead to mor Show less Read more
Impact Snapshot
Event Time:
UOVEY
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
Opt-in for
UOVEY alerts

from News Quantified
Opt-in for
UOVEY alerts

from News Quantified