


FRANKFURT (Reuters) -China's reopening from pandemic restrictions could drive global growth beyond expectations and help avoid a broader recession even as some of the world's largest economies struggle to overcome a downturn, top finance officials at the World Economic Forum said.
China has lifted many of the most debilitating restrictions after abruptly jettisoning its strict "zero COVID" policy, fuelling hopes that the world's second largest economy can resurrect global growth even as the United States, the euro zone and Britain flirt with a recession over the coming quarters.
"The reopening of China has to be the major event and it will be a key driver for growth," Laura M Cha, the Chairman of Hong Kong Exchanges and Clearing, told the forum in Davos.
"Asia is where the growth factor will be, you know, not only China, (but also) India, Indonesia; these are all emerging and very strong economies."
Her comments were echoed by others who saw China as the key to the global recovery.
"There's pent-up savings, there's pent-up demand, so we think that China will see very strong growth, especially as you get later in the year," Douglas L. Peterson, the President and CEO of S&P Global (NYSE:SPGI) told a panel discussion.
'STRONG LABOUR MARKETS'
Peterson said he still expected a "very mild" recession in the United States, Europe and the Britain, but full year net growth was still going to be positive.
"Strong labour markets are not consistent with what we see with a recession and the labour markets are strong almost everywhere in the world," he added.
Credit Suisse Chairman Axel Lehmann said he even hoped the United States could avoid a recession, but he too put his bets on China.
"The growth forecasts now for China is 4.5%. I would not personally be surprised when that would be topped," he said.
China's economic growth in 2022 slumped to 3%, one of its worst levels in nearly half a century, as the fourth quarter was hit hard by the strict COVID curbs and a property market slump.
Fuelling a bit of optimism about the 20-nation euro zone, one of the weakest economies this year because of its excessive reliance on Russian gas, European Central Bank policymaker Mario Centeno said a recession is not a foregone conclusion.
"I also think that the economy has been surprising us quarter after quarter; the fourth quarter in Europe will be most likely still positive," Centeno said. "Maybe we'll be surprised also in the first half of the year."
EUR/USD
1.0709
+0.0010 (+0.09%)
Summary
SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (1)
Sell (3)
EUR/USD
1.0709
+0.0010 (+0.09%)
Summary
SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (1)
Sell (3)
GBP/USD
1.2447
+0.0008 (+0.06%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (6)
USD/JPY
140.09
-0.04 (-0.03%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
AUD/USD
0.6667
+0.0015 (+0.23%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (7)
Sell (2)
USD/CAD
1.3362
-0.0008 (-0.06%)
Summary
NeutralMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (3)
Sell (1)
EUR/JPY
150.00
+0.07 (+0.05%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
EUR/CHF
0.9738
0.0000 (0.00%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
Gold Futures
1,959.35
+0.95 (+0.05%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (1)
Sell (6)
Silver Futures
23.602
+0.073 (+0.31%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
Copper Futures
3.7585
+0.0030 (+0.08%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
Crude Oil WTI Futures
72.57
+0.04 (+0.06%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
Brent Oil Futures
76.94
+0.16 (+0.21%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (9)
Sell (0)
Natural Gas Futures
2.322
-0.009 (-0.39%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (6)
US Coffee C Futures
186.10
+3.50 (+1.92%)
Summary
BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (5)
Sell (0)
Euro Stoxx 50
4,291.91
-3.31 (-0.08%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (3)
Sell (5)
S&P 500
4,267.52
-16.33 (-0.38%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (4)
DAX
15,960.56
-31.88 (-0.20%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (1)
Sell (4)
FTSE 100
7,624.34
-3.76 (-0.05%)
Summary
SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (3)
Sell (5)
Hang Seng
19,252.00
+152.72 (+0.80%)
Summary
↑ SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (1)
Sell (6)
US Small Cap 2000
1,891.11
+35.71 (+1.92%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
IBEX 35
9,359.80
+49.00 (+0.53%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (8)
BASF SE NA O.N.
46.450
-0.310 (-0.66%)
Summary
↑ BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (7)
Sell (0)
Bayer AG NA
52.13
-0.15 (-0.29%)
Summary
NeutralMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (7)
Sell (0)
Allianz SE VNA O.N.
208.85
-1.65 (-0.78%)
Summary
NeutralMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (2)
Sell (7)
Adidas AG
159.26
-0.42 (-0.26%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (7)
Sell (1)
Deutsche Lufthansa AG
9.133
-0.008 (-0.09%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (7)
Sell (0)
Siemens AG Class N
158.46
+0.10 (+0.06%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (6)
Sell (2)
Deutsche Bank AG
9.812
+0.028 (+0.29%)
Summary
BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (5)
Sell (3)
EUR/USD | 1.0709 | Sell | |||
GBP/USD | 1.2447 | ↑ Sell | |||
USD/JPY | 140.09 | ↑ Buy | |||
AUD/USD | 0.6667 | ↑ Buy | |||
USD/CAD | 1.3362 | Neutral | |||
EUR/JPY | 150.00 | ↑ Buy | |||
EUR/CHF | 0.9738 | ↑ Buy |
Gold | 1,959.35 | Sell | |||
Silver | 23.602 | ↑ Buy | |||
Copper | 3.7585 | ↑ Buy | |||
Crude Oil WTI | 72.57 | ↑ Buy | |||
Brent Oil | 76.94 | ↑ Buy | |||
Natural Gas | 2.322 | ↑ Sell | |||
US Coffee C | 186.10 | Buy |
Euro Stoxx 50 | 4,291.91 | ↑ Sell | |||
S&P 500 | 4,267.52 | ↑ Sell | |||
DAX | 15,960.56 | ↑ Sell | |||
FTSE 100 | 7,624.34 | Sell | |||
Hang Seng | 19,252.00 | ↑ Sell | |||
Small Cap 2000 | 1,891.11 | ↑ Buy | |||
IBEX 35 | 9,359.80 | ↑ Sell |
BASF | 46.450 | ↑ Buy | |||
Bayer | 52.13 | Neutral | |||
Allianz | 208.85 | Neutral | |||
Adidas | 159.26 | Buy | |||
Lufthansa | 9.133 | ↑ Buy | |||
Siemens AG | 158.46 | ↑ Buy | |||
Deutsche Bank AG | 9.812 | Buy |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 6,635![]() ![]() (-10 ![]() ![]() |
SJC HCM | 6,645/ 6,705 (0/ 0) # 1,162 |
SJC Hanoi | 6,645/ 6,707 (0/ 0) # 1,164 |
SJC Danang | 6,645/ 6,707 (0/ 0) # 1,164 |
SJC Nhatrang | 6,645/ 6,707 (0/ 0) # 1,164 |
SJC Cantho | 6,645/ 6,707 (0/ 0) # 1,164 |
Cập nhật 08-06-2023 08:28:25 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$1,945.53 | -17.79 | -0.91% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 22.790 | 23.240 |
RON 95-III | 22.010 | 22.450 |
E5 RON 92-II | 20.870 | 21.280 |
DO 0.05S | 17.940 | 18.290 |
DO 0,001S-V | 18.800 | 19.170 |
Dầu hỏa 2-K | 17.770 | 18.120 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $72.64 | +0.6 | 0.01% |
Brent | $76.88 | +0.45 | 0.01% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 23.285,00 | 23.655,00 |
EUR | 24.497,36 | 25.869,06 |
GBP | 28.481,09 | 29.695,52 |
JPY | 163,26 | 172,84 |
KRW | 15,52 | 18,91 |
Cập nhật lúc 08:20:39 08/06/2023 Xem bảng tỷ giá hối đoái |