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Alibaba's (BABA) fiscal fourth-quarter results are likely to reflect strength in the International commerce, logistics, local services and cloud businesses despite macroeconomic concerns in China.
We have an important week for the markets on tap. Wednesday brings us Consumer Price Index (CPI) numbers for April, which will be preceded by the Producer Price Index (PPI) wholesale report on Tuesday.
U.S.-listed shares of China-based companies were enjoying a broad rally Monday, and J.P. Morgan said their run-up since the start of the year could continue over the next several months despite all the apparent headwinds.
Consumer Price Index (CPI) numbers for April will be preceded by the Producer Price Index (PPI) wholesale report on Tuesday.
Considered by many to be one of the biggest jewels of the Chinese economy, Alibaba Holding Limited (BABA) has been considered ‘China's Amazon' and an investors' darling for years.
Ronald Keung, head of Asia internet research at Goldman Sachs, says it forecasts 20% earnings growth for Tencent but a mid to high single-digit decline in earnings for Alibaba.
South Korea's government signed an agreement on Monday with Alibaba's AliExpress and PDD Holdings' Temu to promote product safety, the Korea Fair Trade Commission (KFTC) said.
The April consumer price index is expected to be up 3.4% from a year earlier. Plus, retail sales, the leading economic index, and producer price index data.
A streak of unpredictable challenges has been working against Alibaba stock for several years now. Multiple green shoots are sprouting though, at the same time China's e-commerce powerhouse is overhauling itself.
CNBC's Jim Cramer on Friday guided investors through next week's market action.