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MARKETS LIVE BLOG:

DOW LEADS STOCK COMEBACK FROM STEEP BIG TECH-LED SELL-OFF

Over the past 10 days, the S&P 500 remains down about 2% while Nasdaq is off more than 4%

China should set appropriate fiscal deficit in 2024 -senior party official

Reuters

BEIJING, Dec 13 (Reuters) - China should set its 2024 fiscal deficit and special local government bonds at appropriate levels and optimise the structure of fiscal expenditure, a senior Communist Party official said on Wednesday, state media CCTV reported.

China should also keep consumer prices at a moderate and appropriate level, neither too low or too high, said Han Wenxiu, deputy head of the Party's office for financial and economic affairs, according to CCTV. (Reporting by Kevin Yao and Ellen Zhang; Editing by Tom Hogue)