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The State Taxation Administration said tax and fee cuts supporting health and medical services totaled 245.4 bln yuan in January–August. Breakdown: 92.6 bln yuan from VAT exemptions on medical services; 152.2 bln yuan from VAT exemptions for communit

2026-10-12

The State Taxation Administration said tax and fee cuts supporting health and medical services totaled 245.4 bln yuan in January–August. Breakdown: 92.6 bln yuan from VAT exemptions on medical services; 152.2 bln yuan from VAT exemptions for community eldercare, childcare and domestic-service providers and from VAT-exempt premium income on health- and eldercare-related life insurance.

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2026-10-12

US Dollar: 1. Trump announced the formation of an investigative committee to review whether there are grounds to remove Federal Reserve Governor Cook. 2. Bessant hired Judy Shelton, Trump's previous nominee for the Federal Reserve Board, as an advi

US Dollar: 1. Trump announced the formation of an investigative committee to review whether there are grounds to remove Federal Reserve Governor Cook. 2. Bessant hired Judy Shelton, Trump's previous nominee for the Federal Reserve Board, as an advisor. 3. Bank of America strategists: If the Fed raises interest rates in October, signaling its willingness to act proactively in the face of inflation risks, long-term yields may stabilize. Euro: 1. ECB Governing Council member Kazaks: 2.5% is the upper limit of the ECB's neutral interest rate. 2. The ECB plans to launch a digital euro in 2029, with initial applications covering online shopping, physical stores, and personal transfers. 3. Bundesbank Executive Board member Theurer stated that the recent sell-off in the European bond market is a clear warning sign of fiscal risks. Pound Sterling: 1. The UK will launch a monthly inflation indicator similar to the US early next year. 2. S&P: Expects the Bank of England to raise its policy rate by 25 basis points by the end of 2026. Other: 1. Malaysia's Ministry of Finance projects economic growth of 4.2%-5.2% next year. 2. The Reserve Bank of India (RBI) launched a series of measures on Saturday to stabilize the rupee, which rose in the offshore market. 3. Canadian employment contracted more than expected in September, reducing the probability of a Bank of Canada rate hike in October from 40% to 27%. 4. Falling oil prices and corporate selling of US dollars boosted the South Korean won, which surged to a two-year high on Monday.
2026-10-12

Salesforce (CRM.N) shares rose about 4% in premarket trade after BOFA GLOBAL RESEARCH upgraded the stock from Underperform to Buy.

Salesforce (CRM.N) shares rose about 4% in premarket trade after BOFA GLOBAL RESEARCH upgraded the stock from Underperform to Buy.
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