China may have a new way of boosting its economy. Here's what the central bank just did [CNBC]
UNITED OVRSEAS BK S/ADR (UOVEY)
NASDAQ:AMEX Investor Relations:
uobgroup.com/investor/index.html
Company Research
Source: CNBC
China's central bank has changed the way commercial lenders set interest rates for loans — a move expected to bring borrowing costs lower at a time when the Chinese economy needs a boost. Growth in China is slowing down as its trade war with the U.S. looks set to intensify in the coming months. Chinese authorities have used both monetary and fiscal measures to lift economic activity, but analysts say certain segments of the economy could use more help. "This is a welcomed move in lowering the costs of borrowing especially for smaller businesses, and it comes at an important time as China's GDP growth is at risk of falling below 6% in 2020 as US tariffs on Chinese goods are repeatedly ramped up," analysts from Singapore's United Overseas Bank wrote in a Monday note. The International Monetary Fund has projected China's growth to be at 6.2% in 2019 and 6.0% in 2020 . But those forecasts were made before the latest escalation in the U.S.-China friction , which is expected to lead to mor
Show less
Read more
Impact Snapshot
Event Time:
UOVEY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
UOVEY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
UOVEY alerts
High impacting UNITED OVRSEAS BK S/ADR news events
Weekly update
A roundup of the hottest topics
UOVEY
News
- "Artful-noon" dining experiences await as UOB launches 43rd UOB Painting of the Year competitionPR Newswire
- DBS quarterly results trounce forecasts, another record year expected [CNBC]CNBC
- DBS CEO Gupta Sees Another Record Year After Earnings Beat [Yahoo! Finance Canada]Yahoo! Finance Canada
- DBS Profit Beats Estimates on Higher Lending, Wealth Fees Growth [BNN Bloomberg (Canada)]BNN Bloomberg
- Why You Might Be Interested In United Overseas Insurance Limited (SGX:U13) For Its Upcoming Dividend [Yahoo! Finance]Yahoo! Finance