From CNBC: 2024-05-17 03:50:00

China property stocks soar as PBOC unveils measures to stabilize sector. IMF warns against Biden’s China tariffs. Malaysia’s GDP grows by 4.2% in Q1, beating estimates. Country Garden liquidation hearing adjourned. China’s urban unemployment rate eases to 5%. Retail sales slow while industrial activity in China remains strong. Singapore posts less steep NODX decline in April. Japan’s central bank governor says no plan to sell ETFs. Barclays suggest further upside for Big Tech stocks. S&P 500 could hit 5,575 level, says Strategas. Unemployment may need to rise to combat inflation, per Bernanke paper.



Read more at CNBC: China retail sales, unemployment, industrial production