Bloomberg China pledged to step up measures to shore up its troubled banks and small businesses while continuing a crackdown on shadow banking and property speculation, in a difficult balancing act that risks exacerbating a build up in bad debt at its traditional lenders. As concerns mount over the state of China’s $45 trillion financial system, the nation’s central bank …

Bloomberg The pound rebounded from its new year hangover, on speculation the Bank of England could avoid an imminent cut to interest rates following a post-election economic boost. Sterling advanced against all major peers and halted its losing streak since the start of 2020, after the UK’s services sector unexpectedly showed signs of strengthening. This may ease pressure on the …

Bloomberg Investors should be careful about assuming that strong US economic conditions guarantee that president Donald Trump will win another term in November, Morgan Stanley strategists warned. “The most common misconception among investors we talk to is that solid economic growth assures the president’s re-election,” strategists at the Wall Street bank including Michael Zezas wrote in a note on Monday. …