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China releases better-than-expected economic data | Real Time Headlines

On October 13, 2024, citizens were shopping in a supermarket in Zaozhuang, China.

Cost Photo | Noor Photo | Getty Images

This report comes from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open keeps investors updated on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

What you need to know today

China’s economic growth is better than expected
China Season 3
Gross domestic product increased by 4.6% annuallyAccording to the National Bureau of Statistics. While that was higher than the 4.5% rate in a Reuters poll, it still lagged the second quarter’s 4.7% growth. From a quarterly perspective, China’s economy grew by 0.9% in the third quarter.

Strong retail sales in China and U.S.
China’s total retail sales of consumer goods in September An increase of 3.2% compared with the same period last yearthe National Bureau of Statistics said. This was better than the 2.5% expected in the LSEG poll and the 2.1% in August. U.S. retail growth across the Pacific 9 Menstrual season adjustment is 0.4%. It was higher than August’s 0.1% gain and Dow Jones’ forecast of 0.3%.

Dow bucks trend and rises
U.S. markets were mixed on Thursday. this Dow Jones Industrial Average increased by 0.37% Closing price hits new high. but S&P 500 Index and Nasdaq Index Most are unchanged. Asia Pacific market friday mix. Chinese Shanghai Composite Index Stocks rose about 1.5% on positive economic data and suggestions from Beijing’s central bank governor that monetary policy could be loosened further.

Alternative Deals for Altera
Intel Considering reaching an agreement Sells Altera unit for approximately $17 billionThat’s according to people who requested anonymity to discuss confidential matters. Just last month, Intel CEO Pat Gelsinger said Altera was a core part of Intel’s future. Altera makes a semiconductor that can be reprogrammed, unlike CPUs.

(PRO) Small Caps Surge
For example, unlike larger companies, smaller companies don’t have the muscle to negotiate low-interest loans or the cash moats to withstand fluctuations in consumer habits. Therefore, when the Fed cuts interest rates, small stocks tend to benefit more. And they just A new high in three years.

bottom line

The bottom line is off today. Normal programming will resume on Monday 21 October 2024.

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