Despite soaring oil prices due to the war in Iran, China’s markets have shown surprising resilience. Investments in renewables and electric vehicles have reduced its dependence on imported fossil fuels, protecting its economy. This strategic insulation has made Chinese assets a potential safe haven for global investors.
Rate cuts unlikely in near term as inflation stays sticky: Richard Harris
Global market expert Richard Harris anticipates minimal changes to U.S. monetary policy, emphasizing the Fed’s independence. He notes that Big Tech’s recent profitability stems more