Bloomberg China’s central bank vowed to boost confidence and provide more effective support to the economy, amid mounting growth pressure from the country’s worst Covid-19 outbreak since Wuhan. The People’s Bank of China (PBOC) reaffirmed it will step up the magnitude of monetary policy and make it more forward-looking, targeted and autonomous, according to a statement. The central bank ...

  Bloomberg The European Central Bank (ECB) is right to press forward with its plan to normalise monetary policy even as the war in Ukraine creates “elevated uncertainty,” executive board member Isabel Schnabel said. “Continuing the path of policy normalisation is therefore the appropriate course of action,” Schnabel said in a speech in Cernobbio, Italy. “The speed of normalisation, in ...

  Bloomberg Selling is picking up again in the priciest corner of the US stock market — that of fast growth technology shares — as investors whipsaw between seeking higher returns and safety. The Nasdaq 100 Stock Index is wrapping up its worst two-day drop in nearly a month as traders that flocked to the tech sector in recent weeks ...