Asia is diverse and complementary, and Asia-for-Asia industrial supply-chain networks are emerging. Asia is a highly diverse region, there is no single Asia but many. We identified 4 distinct groups of economies based on scale, economic development, interactions with one another, and connectedness to the world. Each of these “4 Asia’s” has characteristics that complement […]
FLASH: Gold Up, USD Soft, Crude Oil Up, Stocks Up Headlines US-Chinese trade deputies face-off in Washington Asia’s economic hopes support shares Crude Oil edges up on Mideast tensions Gold up as softer USD and Gulf tensions support Gold: Gold prices up Friday and were headed for their 1st weekly gainer in 4-5, supported by a softer […]
President Trump is resday to significantly ramp up pressure on China if a trade deal is not agreed to soon, according to an outside adviser to the White House who called tariffs so far “low level.” In an interview in Hong Kong Thursday with the South China Morning Post, Michael Pillsbury said President Trump has been “remarkably restrained […]
Thursday, US Commerce Secretary Wilbur Ross said that trade uncertainty issues are giving China “real” structural problems, as the nation’s supply chains are starting to “hollow out.” “China is no longer really the cheapest place in the world to manufacture,” Secretary Ross said in a TV interview, adding the US does not know what China wants […]
A FedEx pilot was arrested in China and released on bail, the company said Thursday, amid an ongoing row with Beijing over the US firm’s delivery irregularities involving telecoms giant Huawei. Todd Hohn, a former US Air Force pilot, was arrested by Chinese authorities a week ago as he waited for a commercial flight in […]
FLASH: Gold Flat, USD Firm, Crude Oil Up, Stocks Down Headlines Gold flat to little changed after Fed outlook disappoints Asian shares lower on guarded Fed Crude Oil prices settle after turbulent week, Saudi reassures on output Gold: Gold prices were little changed Thursday after declining up to 1% in Wednesday, as lack of clarity on the […]
Shanghai: SSE Composite Index (.SSEC) Investors reacting to volatility in the crude oil market The major Asia Pacific stock indexes are trading mixed with the majority trading lower. Investors are reacting to volatility in the crude oil market while awaiting the Fed’s latest decisions on interest rates and monetary policy, set to be released late […]
FLASH: Gold Steady, USD Firm, Crude Oil Off, Stocks Steady to Up Headlines USD holds firm, -0.03% to 98.288. Crude Oil jitters ease Gold prices steady in cautious mood China stocks rise ahead of expected Fed rate cut Gold: Gold prices were little changed Wednesday as investors maintained a cautious stance ahead of the conclusion of FOMC […]
Shanghai: SSE Composite Index (.SSEC) key stock index falls by the most in 10 weeks China’s stocks dropped by their most in 10 weeks on concern policymakers were not doing enough to arrest the decline in the nation’s economic growth, while a recent rally of smaller companies was judged to have been excessive. Hong Kong’s […]
FLASH: Gold Steady, USD Flat, Crude Oil Off, Stocks Cautious Headlines Crude Oil pares gains Middle East risks keep stocks in caution mode Gold prices little changed as markets eye Fed outlook Gold: Gold traded steady Tuesday as traders stayed on the sidelines ahead of a widely expected rate cut by the Fed on Wednesday. Spot gold was […]
Shanghai: SSE Composite Index (.SSEC) stocks mixed after downbeat economic data China stocks started the week on a mixed note after bleak economic data reinforced hopes Beijing will roll out more stimulus to underpin the economy and as investors pondered over the latest developments in the Sino-U.S. tariff war. The CSI300 index fell 0.2%, to […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat, Crude Oil Spikes, Stocks Off Headlines Crude Oil spikes after Saudi facility attacks, weak China data hits shares President Trump said the US is “locked & loaded” for a potential response to the attack on Saudi Arabia’s Crude Oil production facilities Gold rallies as […]
$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 […]
$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 […]
$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 […]
$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 […]
$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 […]
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 […]
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 […]
$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 […]
$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 […]
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 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 […]
$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 […]
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 […]
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 […]
$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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
$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 […]
$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 […]
Shanghai: SSE Composite Index (.SSEC) investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more U.S. interest rate cuts Global stock markets were back in positive territory Wednesday as investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Up, Crude Oil Up, Stocks Flat Note: The immediate focus shifts to the minutes of the Fed’s last meeting due Wednesday. 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 […]
Shanghai: SSE Composite Index (.SSEC) investors ponder the extent and impact of Beijing’s interest rate reform China and Hong Kong stocks barely moved on Tuesday as investors took a breather and pondered the extent and impact of Beijing’s interest rate reform. The CSI300 index was unchanged at 3,790.92 at the end of the morning session, […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Up, Crude Oil Steady, Stocks Up Note: The immediate focus shifts to the minutes of the Fed’s last meeting due Wednesday. Traders are also keenly waiting on the Fed’s Jackson Hole seminar and a Group of Seven summit this weekend for clues on what additional […]
$USD $HKD Residents of Hong Kong are swapping their Hong Kong dollars for other currencies as political unrest affects the local currency, the WS-J reports. Hong Kong’s currency sharply weakened against the USD starting last July, which analysts partly attribute to outflows. The FT reports Hong Kong’s 10 richest people lost about $15-B since that time. […]
China’s government has unveiled plans to boost the mainland city of Shenzhen and make it into what state media called a “better place” than neighbouring Hong Kong, following another huge pro-democracy rally in the semi-autonomous financial hub. Weeks of rallies, demonstrations, and occupations have plunged Hong Kong into crisis — which Beijing is now framing […]
Shanghai: SSE Composite Index (.SSEC) shares climb on China stimulus move Asian shares climbed Monday, as investors embraced a move by China that could help lower borrowing rates for companies, and signals that trade talks between Washington and Beijing could be improving. On Saturday, the People’s Bank of China unveiled a key interest rate reform aimed […]
Chinese local authorities said on Monday that Guangxi Zhuang region in China foreign trade has reached USD37.51 billion in the starting 7 months of the current year, adding 23.8 percent year on year, according to Xinhua. The customs authorities of Nanning, the regional capital, said that the increase came as a 19.6 percentage points more […]
Today, over 150 delegates from 40 global banks, investment firms and international organizations gathered in Beijing for the First Plenary Meeting of the Green Investment Principles for the Belt and Road (GIP), a major drive to promote environmentally responsible investments under the Belt & Road Initiative. Launched by China Green Finance Committee and the City […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Dips, USD Up, Crude Oil Up, Stocks Up Headlines Asia stocks advance as China’s rate adjustment improves investor mood Crude Oil prices climb after Saudi oilfield attack Gold prices dip on firmer USD and equities Gold: Gold prices dipped Monday on a stronger USD, and a recovery in […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH and Saying it Again: Stocks overreacted to the FOMC’s rate decision in the minds of investors, WH advisor calling for an emergency meeting of the committee to cut rates further. President Trump plays the tariff card to pressure Fed Chairman Powell, The market has become susceptible to every China headline, nothing new. […]
Asia is a hub of world trade, it is home to some of the world’s largest companies, the fastest-growing part of the Internet, and the engine of global consumption growth. Plus it is reaching to become the world’s financial center too, Asia is Now. In the Y 2000 I wrote a paper on this coming […]
Shanghai: SSE Composite Index (.SSEC) aiming to consolidate itself as an international business hub The city of Shanghai, on China”s east coast, is aiming to consolidate itself as an international business hub and local authorities have presented a series of policies to attract more foreign companies.Considered one of the main development zones in China, the […]
Frog Street, a provider of early childhood curriculum and subsidiary of Excelligence Learning Corporation, and Beijing Oriental Star Children Technology Company, a provider of academic and social development education, have launched a partnership to provide Frog Street’s comprehensive, research-based curriculum to prepare children for school readiness in China and surrounding territories. Frog Street curricula encompass extensive research and brain-based […]
Kung fu film star Jackie Chan has joined Mulan actress Liu Yifei in stoking outrage over pro-Beijing comments amid heated protests in Hong Kong, his birthplace, and calling for peace. The torches and pitchforks came out online. After a video appeared online earlier this month showing protesters defacing the Chinese flag, a number of Chinese […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Up, Crude Oil Up, Stocks Up Headlines Crude Oil rises as US retail sales ease recession fears Asia stocks up in stimulus speculation Gold heads for 3rd weekly gainer on trade, growth concerns Dollar index higher Gold: Gold prices dipped Friday but were headed for […]
$DIA, $SPY, $QQQ, $RUTX, $VXX, $XAU, $GLD The US stock market finished mixed Thursday, as investors weighed the resiliency of the US consumer Vs growth concerns. The S&P 500 (+0.3%) and DJIA(+0.4%) finished higher, while the NAS Comp (-0.1%) and Russell 2000 (-0.4%) finished lower. The overall uncertainty from the US-China trade dispute is high […]
Shanghai: SSE Composite Index (.SSEC) increasingly anxious over the lack of signs of progress toward settling the U.S.-Chinese tariff war over trade and technology Asian markets fell in early trading Thursday, following Wall Street’s worst day of the year amid signals of recession. The yield on the closely watched 10-year Treasury fell so low Wednesday […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Flat, Crude Oil Off, Stocks Off Headlines JPY holds gains, traders seek safety Crude Oil prices steady after big fall on recession concerns, inventory rise Stocks feel pain, as bond markets talk recession Gold gains as recession fears drive safe-haven demand Gold: Gold prices rose […]
Late Wednesday, President Trump tied a US trade deal with China to humane resolution of the weeks of protests wracking Hong Kong, hours after the State Department said it was “deeply concerned” about reports of movement of Chinese paramilitary forces along the Hong Kong border. The State Department warned that continued erosion of the territory’s […]
$XAU $USD $CHY China has severely restricted imports of gold since May, industry sources with direct knowledge of the matter told Reuters. The move may be aimed at curbing outflows of USDs and bolstering its RMB Yuan currency as economic growth slows. China has cut shipments by some 300-500 tonnes compared with last year – […]
Foreign government officials and experts are expressing their condemnation of the violence perpetrated by radical demonstrators in Hong Kong. Emphasizing the significance of “1 country, 2 systems” for the development of Hong Kong, they also voiced their support for the legitimate actions taken by the Hong Kong Special Administrative Region (HKSAR) government and Hong Kong […]
Violent protesters staged a shameful episode of real violence and brutality in full view and broadcast on live television at the Hong Kong International Airport Tuesday. At about 8:00p local time, a group of protesters detained a traveler they claimed to be an undercover police officer from the Chinese Mainland. In lynch mob-style assaults, they […]
Shanghai: SSE Composite Index (.SSEC) higher following the tariffs reprieve from Washington China stocks closed higher on Wednesday, following the tariffs reprieve from Washington, but gave up much of early gains as bleak data rekindled worries over the country’s’ economic health. The blue-chip CSI300 index ended 0.5% higher to 3,682.40, while the Shanghai Composite Index […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat, Crude Oil Off, Stocks Up Headlines Asian stocks like President Trump’s delay of some China tariffs Crude Oil prices fall as China economic data disappoints Gold prices slip, President Trump’s trade concession boosts equities USD’s advance stalled as the sharp rise in US yields […]
Hong Kong’s airport resumed operations Wednesday, rescheduling hundreds of flights that had been disrupted over the past 2 days as protesters clashed with riot police in a deepening crisis in the Chinese-controlled city. And rumors of China’s troops assembling at the Mainland border. Police condemned violent acts by protesters overnight and said on Wednesday a […]
Tuesday, President Trump Tweeted that US intelligence believes that the Chinese government is moving troops to its border with Hong Kong. President Trump also Tweeted that “Everyone should be calm and safe!” Riot police clashed with pro-democracy protesters outside the Hong Kong Airport for the 2nd day running Tuesday though calm returned to the airport in […]
Shanghai: SSE Composite Index (.SSEC) stocks fall as bank lending disappoints Chinese shares fell on Tuesday after data showed banks extended fewer-than-expected new loans in July. The Shanghai Composite index closed down 0.6% at 2,797.26, while the blue-chip CSI300 index ended 0.9% lower. The smaller Shenzhen index ended down 0.7% and the start-up board ChiNext […]
$DIA, $SPY, $QQQ, $RUTX, $VXX US stocks rallied Tuesday after the White House announced that it will delay the 10% tariff rate for some items imported from China until 15 December. President Trump told reporters he wanted to delay the tariffs so consumers would not be hurt during the Christmas shopping season and said he […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Off, Crude Oil Off, Stocks Off Headlines Asian shares of on trade worries Crude Oil off despite supply/demand issues The Argentine Peso collapsed overnight Gold marked fresh news highs Gold: Gold prices marked their highest in more than 6 years Tuesday, as concerns around protests […]
Shares in Hong Kong’s flagship carrier Cathay Pacific plunged more than four percent on Monday, after Beijing banned airline staff supporting Hong Kong protesters from flights going through the mainland. Cathay shares lost 4.37 percent to HK$9.85 by the break in Hong Kong, with the carrier’s parent company Swire Pacific Ltd. plunging 5.26 percent to […]
Luxury fashion brands Versace and Coach have apologised for making perceived affronts to China’s national sovereignty on T-shirts, mistakes that cost them their high-profile Chinese brand ambassadors. Italy’s Dolce & Gabbana also apologised in November after its products were pulled from lucrative Chinese e-commerce platforms over an Instagram post seen by very few in China […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Off, Crude Oil Off, Stocks Up Headlines Asian shares higher on China recovery, RM Yuan fixing Crude Oil off as demand outlook, trade dispute weigh Gold hanging near $1,500/oz on trade, recession concerns The .DXY, which tracks the Buck, Vs a basket of 6 […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Stocks overreacted to the FOMC’s rate decision in the minds of investors, WH advisor calling for an emergency meeting of the committee to cut rates further. President Trump plays the tariff card to pressure Fed Chairman Powell, . The market has become susceptible to every China headline, nothing new. […]
There is now the “threat of deflation” in the US according to economic adviser Stephen Moore, who says that President Trump needs a catalyst in the trade dispute with China and the Fed can cut interest rates to provide it. “I am calling for the feds to have an emergency meeting next week to announce a […]
Shanghai: SSE Composite Index (.SSEC) renewed concern the ongoing trade war will disrupt business operations China and Hong Kong stocks ended the week on a softer note on Friday, with the mainland’s benchmark capping the worst five straight days of trade in three months, as ZTE and other telecom equipment makers retreated on renewed concern […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The US stock market wrapped up a volatile week on a lower note, with the S&P 500 down 0.7% Friday. Every time in the past year that President Trump weighed in on the trade dispute the market reacted negatively then responded positively, and the rally extended, I do not expect […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Flat, Crude Oil Up, Stocks Up Headlines Crude Oil edges up on expectations of more OPEC output cuts Gains for Asian shares capped by trade issues, China stocks fall .DXY flat to little changed Vs its 6 peers Gold sees best week in over 3 […]
