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China set a growth target of about 5% at its annual National People’s Congress, its lowest target in more than 30 years, after growing by only 3% last year due to lockdowns, issues in the property sector, and industry-specific crackdowns. The modest target signals the communist nation will lean on organic growth rather than debt-created. Also, the NPC kept its 3% CPI growth target unchanged and announced a plan to add 12 million urban jobs in 2023 versus 11 million in 2022.
Crude Oil Gold Stocks Silver NasdaqBill Baruch breaks down the market landscape across stocks, treasuries, energies, and much more as stocks rally into the weekend.
See MoreDo not miss today’s Midday Market Minute, coming to you early, covering Services data, S&P/NQ technicals, the reaction across rates and currencies, and of course the breaking UAE-Saudi news and its impact on Crude Oil.
Crude Oil Gold Stocks Silver NasdaqBill Baruch breaks down the macro landscape after unit labor cost was revised higher as the 10-year treasury yield climbs back above 4%.
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