Equities rose in Asian trade Friday after the European Central Bank unveiled a fresh round of useless economic stimulus and another interest rate cut while a report said the US was considering a short-term trade agreement with China. Global markets have been buoyed this week by a growing sense that central banks are on the […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat, Crude Oil Off, Stocks Up Headlines Asian shares advance on US-China trade progress, ECB easing Crude Oil off on global demand worries despite hopes on trade talks Hong Kong gold market losing shine due to political unrest Gold dips as trade hopes fuel risk […]
Continuing China’s steady growth: Foreign trade of goods came in about $2.8-T from January to August, +3.6% Y-Y, according to the latest figures from China’s General Administration of Customs. This is part of the performance (if true) of the Chinese economy, showing its strong resilience to navigate the currents of rising trade tensions with the […]
Shanghai: SSE Composite Index (.SSEC) benchmark closes at highest level in 10 weeks The Shanghai Composite Index closed at its highest level in 10 weeks, as investment sentiment was buoyed by US president Donald Trump’s decision to delay tariffs for two weeks as a “gesture of goodwill” for celebrations marking the 70th anniversary of the […]
Japanese Yen: USD/JPY (JPY=X) US dollar volatile during Thursday session against Japanese yen The US dollar reached above the ¥108 level, but then pulled back a bit as we have suddenly seeing a wall of worry when it comes to this trend. Keep in mind that this pair is highly sensitive to the stock markets […]
Australia: S&P/ASX 200 (.AXJO) Investors reacted positively to the European Central Bank’s decision to lower interest rate Investors reacted positively Thursday to the European Central Bank’s decision to lower interest rates and engage in a new round of bond-buying as well as overtures between the U.S. and China ahead of the next round of trade […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat, Crude Oil Up, Stocks Up Headlines Bears ease grip on most Asian currencies as trade worries fade Asian stocks at 6-wk highs as trade dispute gloom lifts before ECB meet Crude Oil gains on hopes for US-China trade dispute thaw Gold slips as trade […]
Shanghai: SSE Composite Index (.SSEC) blue-chip stocks dropped after a senior White House adviser played down expectations of fresh trade talks China’s blue-chip stocks dropped on Wednesday, after a senior White House adviser played down expectations of fresh trade talks, while Beijing’s latest pledge to further liberalise financial markets seemed to generate limited enthusiasm. The […]
Japanese Yen: USD/JPY (JPY=X) trying to break out above to reach towards the ¥108 level Remember, more than anything else this pair is highly sensitive to risk appetite and therefore you should be paying attention to stock markets. Rallies are starting to get a bit more difficult to come to, but it does look like […]
Singapore: STI Index (.STI) Banks lead gains here There was much cheer for traders yesterday due to a confluence of factors supporting risk appetite ahead of today’s European Central Bank rate decision. The Straits Times Index (STI) advanced from the opening bell, eventually settling at 3,204.52, gaining 48.81 points or 1.55 per cent. It was […]
Australian Dollar: USD/AUD (AUD=X) further escalation in trade tensions could keep the downside risk elevated Looking at the past six months of FX movements (Fig. 1), the Australian dollar has acted as the most accurate proxy for China-related sentiment (especially on trade tensions), as demonstrated by the highest correlation with the Chinese yuan. The reasons for this relationship […]
Australia: S&P/ASX 200 (.AXJO) shares managed to extend a September advance with banks and miners performing Australian shares managed to extend a September advance with banks and miners performing well, as one strategist suggested concerns about a global economic downturn were “overblown.” The S&P/ASX 200 index climbed 23 points, or 0.4 per cent, to 6638, […]
Hong Kong: HANG SENG INDEX (.HSI) shares ended higher sparked by speculation that the local government may act to ease protests Hong Kong shares ended higher on Wednesday, with the city’s main equity gauge clinging to early gains sparked by speculation that the local government may act to ease protests. The Hang Seng Index added […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Steady, Crude Oil Up, Stocks Firm Headlines Crude Oil prices up after bigger-than-expected fall in Us stockpiles Rising bond yields support value stocks ahead of central bank meetings Gold prices snap 4-day losing streak and focus on ECB meet USD steady as traders await Thursday’s […]
Australia: S&P/ASX 200 (.AXJO) poised for modest opening gains Australian shares are poised for modest opening gains as Wall Street managed to pare most losses in late trade to end mostly little changed. ASX futures were up 16 points or 0.2% to 6633 near 6.30am AEST. The local currency was flat. Industrials pulled the blue-chip […]
Hong Kong: HANG SENG INDEX (.HSI) mixed after weak China data Asian markets were mixed on Tuesday following the release of weak producer price data from China. Figures from China’s National Bureau of Statistics showed the largest contraction in factory gate prices in three years, with prices dropping by 0.8% compared to a year earlier in August, […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat Crude Oil Up, Stocks Off Headlines Crude Oil hits 6-wk highs on hopes of extended OPEC output cuts Asian stocks mostly weaker on steep Chinese factory price declines Gold hits 4-wk low as stimulus hopes, trade optimism boost risk-on mode JPY, CHF fall as […]
Shanghai: SSE Composite Index (.SSEC) Supported by ‘Soft’ Risk On Theme The major Asia Pacific stock indexes finished mostly higher on Monday as the “risk on” theme continued following last week’s announcement that the United States and China were set to resume trade talks in early October. There was also a limited response to Friday’s […]
Australia: S&P/ASX 200 (.AXJO) minor kick off The local share market started the week with a minor lift of 0.01 per cent or 1 point, after rising for three straight weeks as at Friday. We saw several stocks hit all-time highs on Friday and set new ones today, including Jumbo Interactive (ASX:JIN) Qube (ASX:QUB) and Aventus (ASX:AVN) which all set new […]
Singapore: STI Index (.STI) stocks in the city-state remain attractive compared to the rest of Asia Even though Singapore’s economy is taking a big hit from the U.S.-China trade war, stocks in the city-state remain attractive compared to the rest of Asia, analysts told CNBC. “The trade war impacts (Singapore) quite a bit, but at the […]
Japanese Yen: USD/JPY (JPY=X) ¥105 level is the bottom of consolidation The US dollar has rallied a bit during the trading session on Monday, hanging about the ¥107 level. Ultimately, this is a market that will continue to be very noisy, as it is so sensitive to risk appetite in general. Ultimately, this is a market […]
Hong Kong: HANG SENG INDEX (.HSI) Supported by ‘Soft’ Risk On Theme The major Asia Pacific stock indexes finished mostly higher on Monday as the “risk on” theme continued following last week’s announcement that the United States and China were set to resume trade talks in early October. There was also a limited response to […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Flat Crude Oil Up, Stocks Up Headlines Asia stocks gain as soft data lift stimulus hopes Crude Oil rises as Saudi Arabia signals OPEC cuts to continue Gold inches higher, improved risk appetite caps gains USD was capped as US yields came off 2-week highs […]
Australia: S&P/ASX 200 (.AXJO) set to open lower Australian shares are set to edge down to start the trading week, with a lack of direction from overseas as if global investors paused to catch their breath. A dearth of key data in the next few days could give bears a chance to recoup some of […]
Japanese Yen: USD/JPY (JPY=X) Testing Major Retracement Zone at 106.890 to 107.463 The Dollar/Yen closed slightly lower on Friday, while posting an inside move. The price action suggests investor indecision and impending volatility. It also shows that traders had almost no reaction to the U.S. Non-Farm Payrolls report, probably because it is not likely to […]
Hong Kong: HANG SENG INDEX (.HSI) the appetite for risk assets improve Chinese and Hong Kong stocks capped their biggest weekly gain in two months, on prospects of an easing in trade tension and further loosening of monetary policies to stem a slowdown in growth. The Shanghai Composite Index added 0.5 per cent to 2,999.60 […]
Shanghai: SSE Composite Index (.SSEC) shares extend rally Chinese stocks closed higher on Friday, with the benchmark Shanghai Composite Index rising for the fifth day in a row. The Shanghai Composite Index gained 0.46 percent to close at 2,999.6 points. The Shenzhen Component Index climbed 0.41 percent to 9,823.42 points. The combined turnover of stocks […]
Singapore: STI Index (.STI) risk-on sentiment continues Risk-on sentiment continued to have considerable influence during Friday’s session in Asia thanks to investors’ hopes of a de-escalation in the trade dispute between the US and China. That said, Singapore’s Straits Times Index (STI) slipped into the red late in the session, bucking the regional trend on Friday, […]
China’s exports unexpectedly fell in August as shipments to the United States slowed sharply, pointing to further weakness in the world’s 2nd-largest economy and underlining a pressing need for more stimulus as US-China trade tension escalates. Beijing is widely expected to announce more support measures in coming weeks to avert the risk of a sharper […]
On Thursday morning, 5 September,Chinese and US chief trade negotiators spoke on the phone call, China initiated the call, agreeing to hold the 13th round of high-level economic and trade talks in Washington in early October and maintain close communications going into that negotiation. The message, made public, lifted the stock markets in many countries, […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat Crude Oil Up, Stocks Up Headlines Crude Oil rises, set for weekly gainer Asia shares rise on trade disputes hopes .DXY Vs a basket of 6 peer currencies was little changed Investors took profits in gold Thursday Gold: Gold retreated Thursday as investors booked […]
After a couple of years of no interest whatsoever the Heffernan’s decided to stand Honorius privately to serve exclusively their own broodmares. He remains at one of Australia’s premier studs, Larneuk in Victoria. With a Horse of the Year, two Champion Sires’ titles and over $HK175 million in progeny earnings, Holy Roman Emperor has been […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Up Crude Oil Up, Stocks Up Headlines Crude Oil prices rise after US confirms trade talks with China to re-start. Gold eases as equities gain on BREXIT, Hong Kong progress. Asian shares up as BREXIT, Hong Kong progress lifts sentiment. Trade talk plans cheer […]
$DIA, $SPY, $QQQ China and the United States agreed to hold high-level trade talks in early October in Washington, China’s commerce ministry said Thursday. The announcement followed a call earlier in the day between China’s Vice Premier Liu He and US Trade Representative Robert Lighthizer and U Treasury Secretary Steven Mnuchin, the Ministry of Commerce […]
Hong Kong’s embattled pro-Beijing leader is planning to permanently shelve a loathed extradition bill on Wednesday, local media reported, a potentially major concession to pro-democracy protesters after three months of crippling demonstrations. Carrie Lam, the city’s unelected chief executive, is expected the make the announcement Wednesday afternoon, the South China Morning Post and the HK01 […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Steady, Crude Oil Up, Stocks Up Headlines Crude Oil prices recover some, but economic concerns weigh Asia stocks bounce, Chinese lead Gold, silver surge after weak US data compounds slowdown fears USD is being seen as a safe-haven asset Gold: Gold rose more than 1% Tuesday […]
$AUD, $WON, $JPY, $USO, $BAC OK, the US -China not being not having a date-certain schedule for the September trade talks yet, now is a good time for you too to start thinking about betting on a trade deal, as it has begun. “I am still reasonably optimistic,” David Woo, head of global rates and foreign […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Eases , USD Up, Crude Oil Mixed, Stocks Off Headlines Crude Oil prices mixed as market eyes trade dispute Gold prices ease as firmer USD weighs Stocks hurt by trade tensions USD up, GBP hurt by BREXIT uncertainty Gold: Gold prices fell Tuesday as USD gained, making the […]
The Chinese Commerce Ministry said on Monday that it has launched a case against the United States with the World Trade Organization (WTO) over US import duties. The move follows the latest round of Washington’s tariffs introduced on Chinese imports by the Trump administration on Sunday. The US began imposing 15 percent tariffs on a […]
From penalising irresponsible dog owners to blacklisting dissenters, critics warn China’s social credit system enables authorities to define “desirable and undesirable behaviour” and could allow unprecedented control of citizen’s lives. The fledgling initiative has sparked fears the authoritarian state is tightening its grip on an already heavily monitored public, ensuring that only those strictly adhering […]
Most Asian markets fell on Monday as fresh Chinese and US tariffs on goods worth hundreds of billions of dollars kicked in, though Donald Trump reiterated that the two sides were still due to holds talks this month. Hong Kong was also being weighed by another weekend of violence, fuelling worries about possible Chinese intervention […]
The Australian share market looks set to start the week on a subdued note. According to the latest SPI futures, the ASX 200 index is poised to open the day 5 points or 0.1% lower this morning. On Wall Street the Dow Jones rose 0.15% higher, the S&P 500 index rose 0.05%, and the Nasdaq […]
The trade war between the world’s two largest economies entered a new phase on Sunday, as US tariffs targeting Chinese-made products and Beijing’s retaliatory hikes on American imports both kick in. Washington introduced 15 percent tariffs, hiked from the previous 10 percent, at 12:01 am EDT (04:01 GMT) on the first day of September. It […]
“We’re going to win the fight,” President Trump told reporters. “We are having conversations with China, meetings are scheduled, calls are being made. I guess the meeting in September continues to be on, it has not been canceled,” he said. The White House has not announced a date for that meeting. Tariffs kick in on […]
The six most instagrammable places in Japan Whether you’re a seasoned photographer or you just like to get a bit snap happy on your smartphone, you won’t have to look far (or try too hard) to get some impressive, envy-inducing travel shots in Japan. The list of locations is truly endless, from the concrete jungle […]
A gas mask lovingly adjusted, a hand squeezed before approaching police lines and a frantic search through swirls of tear gas — Abby and Nick’s relationship has blossomed on the barricades during Hong Kong’s long summer of protest. Most of the frontline protesters driving the months-long pro-democracy demonstrations are students — so-called “braves” facing pepper […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Dips , USD Up, Crude Oil Up, Stocks Up Headlines Crude Oil set for biggest weekly gainer since July JPY is the best performer among major currencies this month, rising 2.2% so far. Asian shares at 1-week highs Gold: Gold extended losses Friday and was set to […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Each of the major US stock market indexes rose more than 1.0% Thursday, lifted by China indicating it wants to prevent trade tensions from escalating further. The S&P 500 (+1.3%) and DJIA (+1.3%) both increased 1.3%, the NAS Comp (+1.5%) and Russell 2000 (+1.6%) pulled out and led. China’s Commerce […]
Asian markets retreated in early trading Thursday, as geopolitical tensions and the inverted U.S. Treasury yield curve weighed on investors concerned about a global economic slowdown. U.S. Treasury Secretary Steve Mnuchin that he expects Chinese officials to travel to Washington for renewed trade negotiations, but did not give a timeline, Bloomberg News reported. He did […]
The Australian share market looks set to end the week with a bang after Chinese officials said they don’t want to escalate the trade war. According to the latest SPI futures, the ASX 200 index is poised to open the day 47 points or 0.7% higher this morning. On Wall Street the Dow Jones raced […]
President Donald Trump said US and Chinese trade officials were due to hold discussions on Thursday, days before Washington is due to raise tariffs on billions in Chinese goods. “There’s a talk scheduled for today at a different level,” Trump told Fox News Radio, without elaborating. He rebutted prior news reports skeptical of his claims […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up , USD Flat, Crude Oil Off, Stocks Off Headlines Crude Oil prices drop on concern over US economy Bonds reign supreme, equities struggle on recession, BREXIT fears Gold prices marked gains Thursday against the backdrop of recession fears USD flat to unchanged Gold: The precious metal markets […]
Asian markets sank again on Thursday as investors grow increasingly pessimistic about the outlook for China-US trade talks, while a closely watched recession indicator hit a level not seen since just before the financial crisis. The pound remained under pressure after Prime Minister Boris Johnson forced an extended suspension of parliament, heightening the prospect of […]
A diplomatic spat that prompted Japan and South Korea to downgrade trade and military ties is an economic lose-lose, experts say, with both countries already feeling the impact. South Korean firms are now scrambling to find alternative suppliers beyond Japan, while Japan’s tourism industry is counting the cost of plunging visitor numbers from South Korea. […]
A fortnight ago Cathay Pacific said it “wouldn’t dream” of muzzling the views of its 27,000 Hong Kong staff, but after the dismissal of several pro-democracy supporters among its workforce under Chinese pressure, employees say this is exactly what has happened. Hong Kong, a financial centre that was once a byword for stability and prosperity, […]
Singapore: STI Index (.STI) falls on telecom, consumer stocks Philippine stocks rose over 1% on Wednesday, recovering from the previous session’s sharp fall on hopes of positive news from President Rodrigo Duterte’s visit to China, while other Southeast Asian markets were tepid amid lingering trade war worries. The benchmark Manila stock index closed 1.3% higher, […]
China stocks down amid trade uncertainty; Hong Kong: (HSI:.HSI) inches up Chinese stocks fell on Wednesday morning amid lingering uncertainty around the Sino-U.S. trade war, as the positive impact from MSCI’s latest phase of China stock inclusion fades. The CSI300 index fell 0.4% to 3,800.04 at the end of the morning session, while the Shanghai […]
Australia: S&P/ASX 200 (ASX:.AXJO) posts gains as tech stocks shine The Australian share market has climbed modestly for a second day, buoyed by the tech sector, while the Aussie dollar has hit a 10-year low against its US counterpart. The benchmark S&P/ASX200 index finished Wednesday up 29.4 points, or 0.45 per cent, to 6,500.6 points, […]
$XAU NKorea has many resources desired by the Chinese. Not just gold but also copper ore, iron ore, aluminium, charcoal, timber, pine nuts, hazelnuts, seafood and pine mushrooms. In the 1990’s, traders just needed to give the border patrols on both sides of the river a small bribe. Now, things have tightened up. But United […]
Malaysia’s ex-prime minister Najib Razak played a pivotal role in plundering the state’s 1MDB fund and channelled hundreds of millions of dollars into his own bank account, a prosecutor said Wednesday at the opening of his most significant graft trial. Claims that Najib and his cronies pilfered massive sums from the fund and spent it […]
Moving cargo ships into the slow lane, an idea French President Emmanuel Macron floated at the G7 summit in Biarritz, would be one way to cut maritime transport’s giant carbon emissions footprint. Here, AFP looks at how the debate took shape and is evolving: – Ecological impact – Shipping represents 2.3 percent of carbon dioxide […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off , USD Up, Crude Oil Up, Stocks Up Headlines Crude Oil gains, led by US WTI Crude, recession worries ease JPY stands tall Gold dips, but near 6-yr highs on rate cut hopes, trade fears Asian stocks post modest gains on Wall Street futures Gold: Gold […]
Asian markets swung Wednesday, gripped by uncertainty over the China-US trade talks, with warnings that Donald Trump’s unpredictability could be harming the chances of an eventual agreement. Trading has been volatile this week after the president’s weekend outburst against Beijing and announcement of more tariffs on $550 billion of goods was followed Monday by him […]
Malaysian ex-leader Najib Razak’s most significant 1MDB trial begins Wednesday, centring on allegations that hundreds of millions of dollars linked to the state fund ended up in his bank account. Claims that Najib and his cronies pilfered massive sums from the fund and spent it on everything from real estate to artwork contributed to the […]
$GLD, $SLV, $USD, $XAU, $XAG Gold rose more than 1% Tuesday as fears of a possible recession gripped investors following disappointing US economic data, while silver marked $18 for the 1st time in nearly 2 years. Spot gold was up 1% at $1,540.57 oz at 1:41p EDT (1741 GMT), US gold futures for December settled […]
President Trump said the United States would not imminently impose new tariffs on autos imported from Japan as the largest and 3rd-largest economies continue negotiations to firm up a preliminary trade agreement. At a press conference during a G-7 Summit in Biarritz, France, President Trump was asked if he was still considering the levies, which […]
ESports star Myint was on the cusp of victory when the screens went dark in the Yangon cafe where he competes, costing him thousands of dollars in missed prize-money and denting his reputation. Myanmar’s gaming scene is mushrooming, but frequent power cuts are holding players back in the emerging democracy. “Every time a black-out happens, […]
Asian markets rose Tuesday, recovering from the previous day’s pounding, after Donald Trump said China-US trade talks would resume soon, though the president’s sharp changes in tone are keeping investors on edge. Regional equities tanked and the yuan plunged Monday in response to news at the weekend that Washington would hike tariffs on more than […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Flat, USD Off, Crude Oil Up, Stocks Up Headlines JPY rises as traders temper optimism over US-China trade deal Asia stocks climb as trade war fears ebb Crude Oil up as US-China trade comments calm markets Gold little changed as traders seek clarity Gold: Gold prices were largely […]
$BTC, $BTCUSD Online criminals hawking lethal substances like fentanyl are demanding payments in Bitcoin, Bitcoin Cash, Ethereum and Monero, according to a new White House report. The report, intended to raise awareness about the fentanyl crisis, describes cryptocurrencies as one of the “predominant funding mechanisms associated with fentanyl trafficking.” Cryptocurrencies apparently feature heavily in the 2 main […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Wall Street began this week on higher note following President Trump’s trade comments Monday, President Trump scaled back a US-China trade dispute declared that the 2 sides will begin serious negotiations soon. President Trump said his trade negotiators had received 2 “very good calls” from China Sunday. “I think we’re […]
President Trump said Monday that China is taking a significant financial hit as a result of his escalating trade fight. “China has taken a very hard hit over the last number of months,” President Trump said, and they are likely ready to make a deal with the United States. President Trump noted that China had […]
$MSCI FLASH: Fund Manager Who Beat 98% of Peers Says Stay Calm and Buy Stocks Trade war? Yes. Global slowdown? Yes. Volatile market? Yes. The Big Q: Does that mean investors should cash out and run? The Big A: Not this top-performing fund manager, she is staying put. Joanna Kwok, who co-manages the JPMorgan Asia […]
President Trump has scaled back a US-China trade dispute partly blamed for a global economic slowdown, declaring Monday that the 2 sides will begin serious negotiations soon. President Trump said his trade negotiators had received 2 “very good calls” from China Sunday. He said the Sunday evening conversations were a sign China is serious about […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Up, Crude Oil Off, Stocks Off Just in: Chinese Vice Premier Liu He said Monday that China is willing to resolve its trade dispute with the US through calm negotiations and resolutely opposes the escalation of the conflict. China’s Top trade negotiator, was speaking at […]
A teardrop-shaped island in the southeast of the Philippines, 500 miles from the capital Manila, Siargao (shar-gow) feels like Bali might have a few decades ago. Given its smaller size, a population of 200,000 Vs Bali’s 4-M, Siargao is unspoiled, remote, and under the radar, despite the influx of new infrastructures in recent years. You will revell […]
President Trump has threatening to use the emergency authority granted by a powerful federal law to make good on his Tweeted “order” to US businesses to cut ties in China because of the escalating trade dispute between the 2 nations. China’s announcement Friday that it was raising tariffs on $75-B , nothing in a $32-T […]
The US and Japan have agreed on a broad framework for a trade deal that will keep US tariffs on Japanese automobiles in place for now, while removing barriers to beef and pork exports to Japan. Robert Lighthizer, the US Trade Representative, and Japan Economy Minister Toshimitsu Motegi reached an agreement in Washington Friday. The […]
Sunday, when President Trump said he had 2nd thoughts about escalating the trade dispute with China, he meant that he wished he had raised tariffs on Beijing even higher, the White House said. President Trump, who announced higher tariffs on Chinese goods last week, raised eyebrows during a meeting with UK PM Boris Johnson at […]
Major Asia Pacific markets rose by the close on Friday, as investors looked ahead to an important speech from U.S. Federal Reserve Chairman Jerome Powell later in the day. In Tokyo, the Nikkei 225 index gained 82.9 points, or 0.4%, to end the week at 20,710.91 Elsewhere, the Japanese yen traded at 106.64 versus the […]
The owner of the only US rare earths mine is hiring, as it looks to significantly boost production, part of a strategy to build out American refining capability after China raised tariffs on the minerals during this escalating trade dispute. By next year, MP Materials will be the 1st company to refine rare earths since […]
Saturday, Hong Kong protesters threw bricks and gasoline bombs at police, who responded with tear gas, as chaotic scenes returned to the 12 Summer-long anti-government protests for the first time in nearly 2 weeks. Hundreds of black-clad protesters armed with bamboo poles and baseball bats fought with police officers wielding batons on a main road […]
More than 200,000 people formed a human chain, dubbed “The Hong Kong Way,” across the city on Friday night in a show of opposition to the government’s changes to the extradition law and reluctance to respond to public demands. The human chain was held between 7-9pm on August 23, which was the 30th anniversary of the Baltic […]
Two of the world’s largest sea-crossing bridges have been providing shortcuts for traffic passing through Shanghai and its growing conurbation since 2008. The steel and concrete megastructures snake across the East China Sea, connecting cities and ports. The 36-kilometer Hangzhou Bay Bridge, which arches high over a vast expanse of water and mudflats between Shanghai […]
India said Friday it would pump in nearly 10 billion dollars into government banks to ease a liquidity crunch in Asia’s third-largest economy, as it goes through its worst slowdown in five years. “We are releasing 70,000 crore ($9.7 billion) upfront into public sector banks…. This will benefit all corporate and retail borrowers,” Finance Minister […]
On a sweltering day in eastern China a squad of footballers wearing blindfolds hurtles after a ringing ball, occasionally clattering painfully into each other. But Jiangsu province’s blind football team hardly care — even when they break the odd bone — because the sport is a rewarding break from the massage parlours, where many of […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Just In: President Trump says $250-B of Chinese goods now under 25% tariff will be subject to 30% tariff starting on 1 October, expect more… “I will be responding to China’s Tariffs this afternoon. This is a GREAT opportunity for the United States,” President Trump Tweeted Friday Wall Street turned […]
$SPY China’s announcement that it will impose new tariffs on $75-B worth of US goods is not something that should worry the stock market, but the announcement will boost support for President Trump, White House trade adviser Peter Navarro said Friday. “I think the risk here for China when it does things like this is simply to […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Up, Crude Oil Steady, Stocks Flat Note: Traders are also keenly waiting on the Fed’s Jackson Hole seminar and a G-7 Summit this weekend for clues on what additional steps policymakers will take to bolster growth. Headlines USD steps up before Powell, Kiwi jumps on […]
Australia’s primary federal renewable energy target – to have33 terawatts of renewable energy by 2020– has essentially been achieved. There is much uncertainty as to what is next. In the absence of a new national target, the states have been leading the way and driving renewable energy in Australia. Victoria, New South Wales and Queensland […]
$DIA, $SPY, $QQQ, $RUTX, $SOY, $VXX Wall Street closed mixed following weak data, and 2 Fed commentors from Jackson Hole China bought a small volume of US soybean last week after pledging on 5 August to halt purchases of American farm products due to the escalating trade dispute, the US Department of Agriculture data showed […]
Shanghai: SSE Composite Index (.SSEC) Investors are waiting for the Federal Reserve Chairman Jerome Powell will speak at an economic meeting in Jackson Hole, Wyoming Asian markets were mixed Thursday as investors digested a slew of corporate earnings.Japan’s Nikkei 225 (N225) rose 0.1%,while Hong Kong’s Hang Seng Index (HSI) fell 0.5%. China’s Shanghai Composite Index (SHCOMP) was flat. South Korea’s Kospi (KOSPI) fell 0.5%. China’s largest electric […]
Australian Dollar: USD/AUD (AUD=X) forecasts cut at CBA, recovery scrapped, as headwinds mount ommonwealth Bank of Australia (CBA) has released new forecasts that show the Sydney-based lender no longer expects the Australian Dollar to recover into year-end. Previous forecasts suggested Australia’s Dollar was due to catch a break in the final quarter of 2019 as the Federal […]
Japanese Yen: USD/JPY (JPY=X) implied volatility could creep higher US Dollar price action and FOMC member commentary is front and center with the kickoff of the Federal Reserve of Kansas City’s annual Jackson Hole Economic Symposium today. Forex traders and equity investors alike have anxiously awaited clarity from Fed Chair Powell and other central bank officials […]
Hong Kong: Hang Seng Index (.HSI) face their worst slumps in operating income since the 2008 Hong Kong stocks are poised for their worst quarter since 2015 and corporate earnings are unlikely to save them. After a sell-off erased more than US$600 billion from the city’s equities, attractive valuations stood as a potential bright spot. […]
Australia: S&P/ASX 200 (ASX:.AXJO) modest gains by the index heavyweights Australian shares rose firmly on Thursday as modest gains by the index heavyweights lifted the market higher on a mixed day of earnings. The S&P/ASX 200 Index rose 18.5 points, or 0.3 per cent, to 6501.8 while the broader All Ordinaries added 20.4 points, or […]
After a system-wide walkout staged by students of the University of the Philippines in Diliman, Quezon City, some professors from UP, Ateneo de Manila University, University of Santo Tomas, Polytechnic University of the Philippines and Far Eastern University expressed their opposition to the proposed entry of the military and the police in campuses. In a […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Up, Crude Oil Steady, Stocks Flat Note: Traders are also keenly waiting on the Fed’s Jackson Hole seminar and a G-7 Summit this weekend for clues on what additional steps policymakers will take to bolster growth. Headlines Crude Oil dips on economic concerns after US […]
There has been a significant rise in the number of nuisance promotional calls targeting Chinese consumers in recent years, the Legal Daily reported. A small businessman surnamed Zhang in Tianjin in northeastern China has been receiving more than double the number of calls he normally gets since he took out a loan online. Many of […]
Searing heat and water quality issues have dogged Tokyo 2020 organisers in recent weeks but delegates to a Chef de Mission seminar yesterday said they are confident their hosts will find solutions ahead of next year’s Summer Olympics. The three-day visit by the National Olympic Committees (NOCs), which includes a progress update and venue tour, […]
