China Implements Measures to Boost Domestic Economy

China's recent economic measures have spurred significant gains in the Chinese stock market, with the iShares China Large-Cap ETF (FXI) rising 18% last week, marking its best performance since 2004. However, historical trends indicate that while short-term spikes often yield positive returns, the long-term outlook remains less favorable, with the FXI averaging only a 2% gain over the subsequent year. Meanwhile, Federal Reserve Chair Jerome Powell has tempered expectations for aggressive rate cuts, suggesting that any future cuts will likely be modest at 25 basis points, while the job market in the U.S. appears stable. In India, benchmark indices fell slightly, but individual stocks like Paytm and Vipul Organics saw significant gains due to positive broker ratings and corporate actions. The market remains attentive to ongoing labor negotiations in U.S. ports that could impact shipping stocks. Overall, global markets are navigating a complex landscape of economic indicators and corporate performance.