Following widespread surges in global stock markets throughout 2023, reaching record highs in some countries, the year 2024 is anticipated to be historically significant due to a multitude of elections.
Chinese blue-chip stocks have fallen to a five-year low after Moody's cut the Chinese government's credit outlook rating. Yahoo Finance's Jared Blikre joins the Live show to share his observations on Chinese stocks and the yuan's reactions to various economic concerns in China. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
China is considering increasing its budget deficit to spend an additional 1 trillion yuan ($137 billion) on infrastructure projects. This proposed stimulus spending aims to boost China's economy by funding construction. However, the expanded deficit would surpass the government's 3% GDP target. Yahoo Finance reporter Jared Blikre analyzes China's proposed infrastructure spending increase, examining the market trends and economic factors that likely influenced this policy decision. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.