Category: China
-
China markets reopen with a roar after week-long break By Reuters
•
SHANGHAI (Reuters) – Chinese stocks rose to their highest levels in two years on Tuesday, continuing their strong rise as trade resumed after a week-long holiday and investors bet on stimulus to support the economy. The blue-chip CSI300 index rose 10% in early trading to its highest levels since mid-2022…
-
Asia stocks surge on US payrolls cheer, China stimulus hopes By Investing.com
•
Investing.com — Asian stocks rose on Monday, with Japanese shares leading gains as strong U.S. jobs data quelled concerns about an economic slowdown, while hopes for more stimulus measures in China also boosted sentiment. Regional stocks received positive signals from Friday’s rise on Wall Street, which came on the heels…
-
China house sales rose over the holiday period – property sector recovery?
•
China began the week-long National Day holiday on Tuesday, October 1. In the week before the start of the holiday, the Chinese authorities announced a set of economic stimulus measures. Some measures were specifically directed at the real estate sector, such as: Reductions in down payment rates Reductions in mortgage…
-
EU plan to press ahead with China EV tariffs bad for ties and green ambitions -Xinhua By Reuters
•
BEIJING (Reuters) – The European Commission’s decision to press ahead with tariffs on Chinese-made electric cars threatens to undermine decades of cooperation between China and the European Union and jeopardize climate change goals, Xinhua news agency said on Saturday. The European Union said on Friday that it would go ahead…
-
China urges EU to delay EV tariffs and avoid trade tensions
•
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…
-
Ray Dalio: China policy makers need to do a lot more than what was announced
•
Ray Dalio to publish on LinkedIn over the weekend regarding the latest batch of stimulus from China. It sparked a massive rally (and possibly a short squeeze) in Chinese stocks. He’s not convinced that’s enough: The Chinese leadership announced recovery policies and support for free markets last week He sees…
-
Analysis-Global investors gear up to go back into China By Reuters
•
Written by Naomi Rovnick LONDON (Reuters) – Global investors are preparing to bet on China again, in a major shift in sentiment sparked by Beijing’s quest to reverse an economic slowdown and revive long-term interest in its stock markets. It’s early days, and few money managers expect a Chinese growth…
-
China Urged To Reevaluate Crypto Ban By Former Finance Official Amid US Policy Changes
•
Amid growing debates surrounding the cryptocurrency regulation scene, a former senior official from China’s Ministry of Finance has urged the government to reconsider its strict ban on virtual assets. According to the South China Morning newspaper a reportZhou Guangyao, vice minister from 2010 to 2018, highlighted the importance of cryptocurrencies…
-
China Urged To Reevaluate Crypto Ban By Former Finance Official Amid US Policy Changes
•
Amid growing debates surrounding the cryptocurrency regulation scene, a former senior official from China’s Ministry of Finance has urged the government to reconsider its strict ban on virtual assets. According to the South China Morning newspaper a reportZhou Guangyao, vice minister from 2010 to 2018, highlighted the importance of cryptocurrencies…
-
Why gold isn’t thrilled about the China stimulus news
•
Gold is a laggard today, falling $27 to $2,630. It’s only a 1% drop and comes after a massive rally but it’s worth looking at gold now in light of what’s happening in China. Gold daily I’ve made this point several times in the last week or so: China has…
-
Aston Martin drops 28% after profit warning on supply chain, China woes By Reuters
•
Written by Yadarissa Shabong (Reuters) – Aston Martin warned of falling annual profits and cut its production forecast on Monday due to supply chain challenges and persistent weakness in China, sending shares down as much as 28% and raising questions about its future ambitions. The British luxury carmaker joined other…
-
European shares skid, China stocks surge By Reuters
•
Written by Neil McKenzie and Wayne Cole LONDON/SYDNEY (Reuters) – Global stocks fell on Monday as economic uncertainty fueled by conflicts in the Middle East overshadowed policy measures aimed at reviving markets, ahead of a busy week of data that could determine central banks’ next steps. Continued Israeli raids across…
-
Dollar slips as China rolls out stimulus By Reuters
•
Written by Tom Westbrook SINGAPORE (Reuters) – The yen stabilized on Monday as Japan’s new prime minister signaled that monetary policy should remain accommodative, while commodity currencies rose to their highest levels this year on investor hopes for a turnaround in the Chinese economy. The Japanese yen jumped on Friday…
-
China Caixin September Manufacturing PMI 49.3 (prior 50.4) Services 50.3 (prior 51.6)
•
China PMIs from own survey These are not good results, but they are old and outdated news now given all the stimulus announcements from China in the past week. previously: China official PMI data: manufacturing 49.8 (49.5 expected) — — China has two primary Purchasing Managers’ Index (PMI) surveys –…
-
Economic calendar in Asia 30 September 2024 – China PMIs for September
•
Note that New Zealand switches to daylight saving time over the weekend as summer approaches. Speaking of New Zealand, the ANZ New Zealand Business Survey for September 2024 is due out today. August data improved compared to July but remained poor: But the focus will be on data from China.…
-
China tells banks to start cutting rates on existing mortgages By Reuters
•
BEIJING (Reuters) – The People’s Bank of China (China’s central bank) told commercial banks on Sunday to begin cutting interest rates on all outstanding home loans, in a sweeping move to help ease the mortgage burden on households hurt by the economic slowdown. All commercial banks must, in batches, cut…
-
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.…