56 Days
Source:
المشهد العربي
Source: المشهد العربي
56 Daysالمشهد العربي
Source: المشهد العربي
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Chinese stocks recorded modest gains at the close, with mixed performance among the indices, while official data revealed an acceleration in inflation rates for consumer and producer prices in August due to rising energy costs, despite weak domestic demand. Experts explained that the increase in inflation is mainly attributed to higher prices for essential goods and food, while inflation pressures in the services sector remained modest, emphasizing that these data do not indicate a true economic recovery. Bank of America forecasted China's economy to grow by 4.5% in 2026, but lowered its projections for the following years due to declining domestic activity and slowing financial easing. The US dollar remained steady against the yuan at 6.7077, and stock market indices rose; the Shanghai Composite increased by 0.28%, the CSI 300 gained 0.30%, while the Shenzhen Composite and Hang Seng in Hong Kong experienced slight declines.
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