Category: China
-
China starts to reverse its ‘uninvestible’ image: Chart of the Week
•
This is the takeaway from today’s morning briefing, and what you can do subscription Received in your inbox every morning with: A cursory glance at the recent performance of China’s stock market shows a significant decoupling from the S&P 500, the German DAX, the UK’s FTSE, and even the Le…
-
In global game of influence, China turns to a cheap and effective tool: fake news
•
Breadcrumb links PMN BMN Business Article writer: Associated Press Didi Tang and David Klepper Posted on September 28, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. FILE – Visitors pass the Chinese Communist Party flag…
-
China urges local companies to stay away from Nvidia AI chips – report
•
High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
-
US dollar slumps after softer inflation, China rate cut. AUD/USD hits 18 month high
•
The Australian dollar reached its highest levels since February 2023 as part of a broad sell-off in the US dollar following weak US inflation data and China cutting lending rates. A final break above 0.6900 in AUD/USD breaks the June 2023 high and a series of rallies in this range.…
-
ForexLive European FX news wrap: China uplifts broader markets; SNB cuts, dollar sluggish
•
Headlines: Markets: AUD advances, USD lags during the day European stocks rise; S&P 500 futures up 0.8% The yield on the 10-year US Treasury note fell 0.9 basis points to 3.771%. Gold rises 0.8% to $2,678.03 West Texas Intermediate crude fell 2.8% to $67.77. Bitcoin price rises 1.3% to $64,330…
-
ForexLive European FX news wrap: China uplifts broader markets; SNB cuts, dollar sluggish
•
Headlines: Markets: AUD advances, USD lags during the day European stocks rise; S&P 500 futures up 0.8% The yield on the 10-year US Treasury note fell 0.9 basis points to 3.771%. Gold rises 0.8% to $2,678.03 West Texas Intermediate crude fell 2.8% to $67.77. Bitcoin price rises 1.3% to $64,330…
-
Stocks Rally With Asia as China Pledges Fiscal Aid: Markets Wrap
•
(Bloomberg) — European stocks and U.S. stock futures rose, tracking gains in Asia after China pledged fiscal stimulus, and technology shares rose. Most Read from Bloomberg Europe’s Stoxx 600 index rose 1% and Nasdaq 100 futures advanced after a strong revenue outlook from Micron Technology Inc. sent the stock higher…
-
Stocks Rally With Asia as China Pledges Fiscal Aid: Markets Wrap
•
(Bloomberg) — European stocks and U.S. stock futures rose, tracking gains in Asia after China pledged fiscal stimulus, and technology shares rose. Most Read from Bloomberg Europe’s Stoxx 600 index rose 1% and Nasdaq 100 futures advanced after a strong revenue outlook from Micron Technology Inc. sent the stock higher…
-
BCA suggest that the stimulus announced from China is 1990s Japan all over again
•
In a note, analysts at Credit Analyst noted that the People’s Bank of China’s monetary easing measures could provide a short-term boost to market sentiment. However, drawing comparisons to Japan’s housing crisis in the 1990s, they cautioned that monetary easing alone is unlikely to halt the deflationary spiral or spark…
-
China stimulus adds to reasons to stay long AUD
•
Investing.com – UBS noted that news of additional Chinese stimulus has proven to be a clear boost for risk assets, providing further reason to maintain a long position in the Australian dollar. The USD/JPY pair was down 0.3% at 0.6872 at 07:55 ET (11:55 GMT), having fallen on Wednesday, but…
-
Asia FX ticks higher, yuan hits 16-mth high on China stimulus cheer By Investing.com
•
Most Asian currencies rose slightly on Wednesday as the dollar was hurt by continued bets on interest rate cuts, while China’s yuan hit a 16-month high on optimism about more stimulus measures. The Australian and New Zealand dollars made strong gains thanks to their exposure to China, while the Japanese…
-
yuan boosted by China stimulus cheer, Aussie rises before RBA By Investing.com
•
Most Asian currencies rose on Tuesday as China’s yuan was supported by Beijing’s announcement of more stimulus measures, while the Australian dollar rose in anticipation of hawkish signals from the Reserve Bank. The weakness in the US dollar helped regional markets, as the greenback remained weak after the Federal Reserve…
-
China stimulus pushes global shares to new peak, boosts commodities By Reuters
•
By Sruthi Shankar and Ankur Banerjee LONDON/SINGAPORE (Reuters) – Global stocks hit record highs on Tuesday after China unveiled stimulus measures to support its economy and equity markets, sending Asian and European shares higher and leading to a rebound in commodity prices. People’s Bank of China Governor Pan Gongsheng announced…
-
China stimulus pushes global shares to new peak, boosts commodities By Reuters
•
By Sruthi Shankar and Ankur Banerjee LONDON/SINGAPORE (Reuters) – Global stocks hit record highs on Tuesday after China unveiled stimulus measures to support its economy and equity markets, sending Asian and European shares higher and leading to a rebound in commodity prices. People’s Bank of China Governor Pan Gongsheng announced…
-
China Unleashes Stimulus Package to Revive Economy, Markets
•
BEIJING, Feb. 11 (Xinhua) — China’s central bank has unveiled a broad package of monetary stimulus measures to revive the world’s second-largest economy, underscoring growing concern within Xi Jinping’s government over slowing growth and falling investor confidence. Most Read from Bloomberg People’s Bank of China Governor Pan Gongsheng cut the…
-
China Unleashes Stimulus Package to Revive Economy, Markets
•
BEIJING, Feb. 11 (Xinhua) — China’s central bank has unveiled a broad package of monetary stimulus measures to revive the world’s second-largest economy, underscoring growing concern within Xi Jinping’s government over slowing growth and falling investor confidence. Most Read from Bloomberg People’s Bank of China Governor Pan Gongsheng cut the…
-
Aussie hits 2024 high as RBA stays hawkish; yuan climbs on China stimulus By Reuters
•
By Kevin Buckland TOKYO (Reuters) – The Australian dollar rose to its highest level this year on Tuesday as the central bank underlined its determination to tame stubborn inflation, while the yuan rose to a 16-month high after fresh stimulus steps from China. The Reserve Bank of Australia kept interest…
-
Aussie hits 2024 high as RBA stays hawkish; yuan climbs on China stimulus By Reuters
•
By Kevin Buckland TOKYO (Reuters) – The Australian dollar rose to its highest level this year on Tuesday as the central bank underlined its determination to tame stubborn inflation, while the yuan rose to a 16-month high after fresh stimulus steps from China. The Reserve Bank of Australia kept interest…
-
China central bank will cut banks’ reserve requirement ratio by 50 bps By Reuters
•
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some or all of your investment amount, and may not be suitable for all investors. Cryptocurrency prices are highly volatile and may be affected by external factors such as financial, regulatory or political events.…
-
People’s Bank of China Governor says must support steady recovery of prices, economy
•
Governor of the People’s Bank of China Pan Gongsheng: Monetary and fiscal policies must be coordinated. It should support a steady recovery in prices in the economy. By the end of the year, we may further reduce the RRR. After the reduction in the reserve requirement ratio, the weighted financial…