News
Important Only
China's Q1 GDP Grows 5.4% Year-on-Year, Beating Expectations! Industrial Production Accelerates
TradingKey - On April 16, 2025, China’s National Bureau of Statistics announced that the country’s first-quarter Gross Domestic Product (GDP) grew by 5.4% year-on-year, reaching 31.8758 trillion yuan, surpassing Reuters' forecast of 5.1%.
FACTBOX-Global banks cut China growth forecasts as trade war deepens
SHANGHAI, April 16 (Reuters) - Global investment banks are lowering their projections for China's economic growth this year as U.S. President Donald Trump's aggressive tariffs are expected to take a toll on the world's second-largest economy.Some of the banks had upgraded their forecasts...Reuters
Wed, Apr 16
Gold price buying remains unabated; fresh all-time high and counting amid trade jitters
Gold price (XAU/USD) scales higher for the second straight day on Wednesday – also marking the fifth day of a positive move in the previous six – and touches a fresh record high, around the $3,283-3,284 area during the Asian session.Fxstreet
Wed, Apr 16
China's home prices halt decline in March, but pressures remain
New home prices flat in March despite policy supportProperty investment, sales extend fall in the first quarterChina premier urges unlocking real estate market potentialBy Liangping Gao, Yukun Zhang and Ryan Woo BEIJING, April 16 (Reuters) - China's new home prices stabilised in March after a...Reuters
Wed, Apr 16
Trump says cost of almost all products including gasoline going down
April 15 (Reuters) - U.S. President Donald Trump said late on Tuesday that the cost of all products including gasoline and groceries have been coming down as the U.S. takes in "record numbers" in tariffs.Trump also claimed inflation in the U.S. is down, without disclosing any specific data, ...Reuters
Wed, Apr 16
USD/INR weakens ahead of US Retail Sales release, Fed’s Powell speech
The Indian Rupee (INR) trades in positive territory for the fifth consecutive day on Wednesday. The weakening of the US Dollar (USD) and the extended decline in crude oil prices eased the Indian currency’s losses.Fxstreet
Wed, Apr 16
Macau's leader warns world's biggest gambling hub could face a budget deficit
HONG KONG, April 16 (Reuters) - The leader of Macau said the enclave risks slipping into a budget deficit if gambling revenues in the world's biggest gambling hub drop below 15 billion patacas ($1.88 billion) a month after they fell short of government forecasts in the first quarter.Chief Execut...Reuters
Wed, Apr 16
Solana's 'Strategy,' Janover increases SOL holdings with $10.5 million purchase, stock price jumps over 1700%
Real estate company Janover announced the purchase of 80,567 Solana (SOL) worth $10.5 million on Tuesday, mirroring Strategy's (formerly MicroStrategy) Bitcoin buying spree with back-to-back purchases this month.
Fxstreet
Wed, Apr 16
AUD/JPY keeps the red below mid-90.00s after mostly upbeat Chinese macro data
The AUD/JPY cross drifts lower during the Asian session on Wednesday and moves away from over a one-week high, around the 91.40 region touched the previous day. Spot prices stick to negative bias below the mid-90.00s and move little in reaction to mostly upbeat Chinese macro releases.
Fxstreet
Wed, Apr 16
Australian Dollar remains firm after release of China’s Q1 GDP data
The Australian Dollar (AUD) extends its winning streak against the US Dollar (USD) for a sixth consecutive session on Wednesday, with the AUD/USD pair holding firm after the release of Australia’s Westpac Leading Index.
Fxstreet
Wed, Apr 16
US issues export licensing requirements for Nvidia, AMD chips to China
April 15 (Reuters) - The U.S. Commerce Department said on Tuesday it was issuing new export licensing requirements for Nvidia's NVDA.O H20, AMD's AMD.O MI308 artificial intelligence chips, as well as their equivalents, to China."The Commerce Department is committed to acting on the Presi...Reuters
Wed, Apr 16
Chinese exporters on Rednote ask local consumers to buy goods meant for US
By Casey Hall and Sophie Yu SHANGHAI, April 16 (Reuters) - Chinese sellers of items from lunch boxes to appliances have taken to social media platform Rednote to generate sympathy purchases, telling domestic consumers they are offloading stock at bargain prices amid U.S. tariffs.Over the past wee...Reuters
Wed, Apr 16
Breaking: China’s economy expands 5.4% YoY in Q1 2025 vs. 5.1% expected
China’s economy expanded at an annual rate of 5.4% in the first quarter (Q1) of 2025, at the same pace seen in the final quarter of last year, the official data published by the National Bureau of Statistics (NBS) showed on Wednesday. Data beat the market forecast of 5.1% in the reported period.Fxstreet
Wed, Apr 16
China's March industrial output rises at faster pace in March
BEIJING, April 16 (Reuters) - China's industrial output in March rose 7.7% from a year earlier, quickening from 5.9% growth in the January-February period, official data showed on Wednesday, as the world's second-largest economy braced for the impact of hefty U.S. trade tariffs.The data rele...Reuters
Wed, Apr 16